TCR_Public/170922.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, September 22, 2017, Vol. 21, No. 264

                            Headlines

2020 MCGOWEN: U.S. Trustee Unable to Appoint Committee
21ST CENTURY ONCOLOGY: Convenience Claim Pool Hiked to $2.6MM
21ST CENTURY ONCOLOGY: Maturity Dates for Certain LOCs Extended
4 ACES REALTY: Voluntary Chapter 11 Case Summary
ABACO ENERGY: S&P Ups Corp Credit Rating to CCC+ on Revenue Growth

AJUBEO LLC: Seeks Court Approval to Use Cash Collateral
ALASKA HARVEST: Disclosure Statement Hearing Set for Nov. 1
ALGODON WINES: Adjourns Annual Stockholder Meeting to Sept. 28
ALLIANCE HEALTHCARE: S&P Affirms B+ CCR & Alters Outlook to Stable
ALTON BEAN: Case Summary & 8 Unsecured Creditors

AMN HEALTHCARE: S&P Alters Outlook to Positive & Affirms 'BB-' CCR
ARC-RITE INC: Chapter 727 Claims Bar Date Set for Jan. 5
ARCONIC INC: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB+
ART & DENTISTRY: Case Summary & 20 Largest Unsecured Creditors
ASPEN COURT: Exclusive Plan Filing Period Extended to Dec. 15

ATHANAS FENCE: Unsecureds to Recover 35% Under Amended Plan
BAVARIA YACHTS: Wants Plan Filing Period Extended to Jan. 30
BBQ BOSS: Unsecureds to be Paid $140.85 Per Month Over 10 Years
BCW EXPRESS: Allowed to Use Up To $100K Cash Collateral
BELLEVILLE DEVELOPMENT: Seeking New Buyer, More Time to File Plan

BLACKSMITH SQUARE: Case Summary & 9 Unsecured Creditors
BRINKER INT'L: Egan-Jones Cuts LC Sr. Unsecured Rating to BB
CAPITOL SUPPLY: Case Summary & 10 Unsecured Creditors
CARL WEBER GREEN: Voluntary Chapter 11 Case Summary
CAROL LLOYD: Allowed to Use Cash Collateral for Next 30 Days

CARTEL MANAGEMENT: May Exclusively File Plan Until Dec. 29
CATALENT INC: S&P Affirms 'BB-' CCR on Planned Cook Acquisition
CATALENT PHARMA: Moody's Affirms 'B1' CFR Amid Cook Pharmica Deal
CATHEDRAL HILL: Taps Larkin Hoffman as Legal Counsel
CBL & ASSOCIATES: Fitch Affirms 'BB' Preferred Stock Rating

CHARTER COMMUNICATIONS: Egan-Jones Gives BB+ Unsec. Debt Rating
CHRISTOPHER BROGDON: Files for Chapter 11 After Muni Bonds Mess
CIBER INC: Amends Liquidation Plan, Hearing Set for Nov. 15
COOK INLET: Former Chair Awarded $15K in Administrative Expense
CORE COMMUNICATIONS: Plan Filing Period Extended Until Nov. 28

COTT CORP: Egan-Jones Hikes Sr. Unsecured Debt Ratings to B+
COUER MINING: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB-
CROSSROADS SYSTEMS: Court Approves Disclosures & Confirms Plan
CRR INC: Court Denies Approval of Plan Outline
CUSTOM FABRICATION & TANKS: Chapter 727 Bar Date Set for Jan. 5

CVR REFINING: Egan-Jones Downgrades Sr. Unsecured Ratings to BB+
DEKALB MEDICAL CENTER: Fitch Cuts 2010 Revenue Certs Rating to BB
DELL TECHNOLOGIES: Fitch Corrects September 19 Release
DOLPHIN ENTERTAINMENT: Effects Reverse Common Stock Split
DR. LUIS A. VINAS: Files Renewed 5th Cash Collateral Motion

EAST WEST COPOLYMER: Hearing on Plan Outline Approval on Oct. 11
EMBASSY ENTERTAINMENT: Chapter 727 Claims Bar Date Set for Dec. 20
EVIO INC: Proposes to Reduce Authorized Shares to 110 Million
FARWEST PUMP: Case Summary & 20 Largest Unsecured Creditors
FIRST NBC: Gets Exclusivity in Plan Filing Thru Oct. 10

FRESH ICE CREAM: Unsecureds to Get 4.15% Under Liquidation Plan
GARCIA INVESTMENT: Foreclosure Sale of Anchorage Property on Nov. 7
GARDEN OF EDEN: Exclusive Plan Filing Deadline Extended to Oct. 24
GASTAR EXPLORATION: Amends Term Loan to Permit Assets Sales
GENERAL WIRELESS: Exclusive Plan Filing Deadline Moved to Dec. 4

GENON ENERGY: U.S. Trustee Opposes Noteholder Advisors Fee Motion
GILLESPIE OFFICE: Plan Solicitation Period Moved to Dec. 11
GLOBAL APPLIANCE: Moody's Assigns B1 CFR; Outlook Stable
GOGO INTERMEDIATE: Moody's Rates Proposed $100MM Notes Add-on B2
GOOD FIGHT: Plan Confirmation Hearing on Oct. 18

GREER APPLIANCE: U.S. Trustee Unable to Appoint Committee
HAMPSHIRE GROUP: Wants Plan Filing Deadline Moved to Oct. 20
HARBOR BAR DOCKS: Taps Larimore Law Office as Legal Counsel
HCA INC: Egan-Jones Assigns BB- Sr. Unsec. Debt Ratings
HHH CHOICES: Hearing on HHHW Plan Set for Oct. 31

HIGHLAND ACQUISITION: Moody's Puts B2 CFR on Review for Upgrade
HIGHLAND ACQUISITION: S&P Puts 'BB-' CCR on Watch Positive
HUDSON'S BAY: Egan-Jones Cuts Sr. Unsecured Ratings to B-
IGNITE RESTAURANT: Court Approves Disclosure Statement
IMAGEWARE SYSTEMS: Secures $11 Million in New Funding

J CREW GROUP: Signs Three-Year Contract With CAO
JJS IN THE DESERT: Creditors Consent to Cash Collateral Use
LA CONTESSA: Case Summary & 20 Largest Unsecured Creditors
LEVERETTE TILE: Seeks Authority to Continue Using Cash Collateral
LMC MEDICAL: Claims in Chapter 727 Case Due Dec. 20

LOVE GRACE: Has Final Authorization to Use Cash Collateral
MAXIMUS III: Hires Michael A. Partlow as Chapter 11 Counsel
MCCLATCHY CO: Class A Common Stock Delisted from NYSE
MD2U MANAGEMENT: Has Interim Approval to Use Cash Collateral
MED-CARE DIABETIC: Claims in Chapter 727 Case Due Dec. 15

MED-CARE INC: Claims in Chapter 727 Case Due Dec. 20
MED-CARE MEDICAL: Claims in Chapter 727 Case Due Dec. 20
MESOBLAST LIMITED: Completes A$50.7 Million Entitlement Offer
MICRON TECHNOLOGY: Egan-Jones Raises Sr. Unsec. Debt Ratings to BB+
MRI INTERVENTIONS: Satterfield Holds 5.7% Stake as of Sept. 18

NATIONAL TRUCK: U.S. Trustee Forms 3-Member Committee
NAVISTAR INTERNATIONAL: Extends Maturity of Revolving Loans to 2021
NEONODE INC: Appoints Two New Members to Board of Directors
NOAH WEBSTER: S&P Alters 2014/2015 Revenue Bonds Outlook to Stable
OAKS OF PRAIRIE: Can Use Cash for September 2017 Expenses

OCEAN RIG: Announces Reversed Stock Split
OCEAN RIG: Cayman Court Sanctions Schemes of Arrangements
OCEAN RIG: Extraordinary General Meeting of Shareholders Nov. 3
OCEAN RIG: U.S. Court Gives Full Force to Cayman Schemes
ODYSSEY LOGISTICS: S&P Assigns 'B' CCR & Rates 1st Lien Debt 'B+'

OM SHANTI: Wants to Use Cash Collateral for 6 Months
ONSITE TEMP: Hearing on JRS' Disclosure Statement Set for Oct. 24
OPTIMA SPECIALTY: Seeks OK of Exit Financing with DDJ Capital
ORANGE ACRES: Has Until October 30 to File Chapter 11 Plan
PACKERS HOLDINGS: S&P Ups CCR to BB- on Improving Credit Measures

PENICK PRODUCE: Plan Filing Deadline Extended to November 22
PHILADELPHIA SD: Fitch Affirms 'BB-' IDR, Outlook Stable
PHOTOMEDEX INC: Adjourns Annual Meeting to October 12
PHOTOMEDEX INC: Reaches Settlement in 'Mouzon' Civil Case
PLATFORM SPECIALTY: Moody's Affirms B2 Corporate Family Rating

PLY GEM: S&P Affirms 'B+' CCR & Hikes Rating on $650MM Notes to B+
PRECIPIO INC: Mark Rimer Holds 20% Equity Stake as of Sept. 18
PRECISION CASTPARTS: Egan-Jones Assigns 'B' Unsec. Debt Ratings
PRESCRIPTIONS PLUS: Claims in Chapter 727 Case Due Dec. 20
PRIME GLOBAL: Incurs US$41,400 Net Loss in Third Quarter

PRODUCTION PATTERN: Case Summary & 20 Largest Unsecured Creditors
PUERTO RICO: Objects to COFINA Agent Bid for Sec. 2125 Protection
Q & D INC: Hires Timothy Zearfoss as Bankruptcy Counsel
QEP RESOURCES: Egan-Jones Hikes Sr. Unsec. Debt Ratings to B+
RENTECH INC: Egan-Jones Cuts Sr. Unsecured Ratings to CC

ROCK ELITE: Wants Exclusive Plan Filing Deadline Moved to Jan. 8
ROOT9B HOLDINGS: Creditors Demand Repayment of $1.37M Notes
SIXTY SIXTY CONDO: Needs Short Extension to Close Deal, File Plan
STOLLINGS TRUCKING: Committee Says Info in Plan Outline Inadequate
STOLLINGS TRUCKING: Lyndon Property Tries to Block Plan Outline OK

STONE FOX: Chapter 11 Petition Filed in Bad Faith, Court Rules
SUNEDISON INC: Proposes Bid Procedures for Sherman Real Property
SUSITNA STATION AIRFIELD: U.S. Survey 4274 to be Auctioned Dec. 1
T3M INC: Court Grants Conditional Conversion to Chapter 7
TENET HEALTHCARE: Fitch Affirms 'B' Long-Term IDR; Outlook Stable

THORPE INSULATION: 9th Cir. Vacates Settlement Enforcement Ruling
TMR LLC: New Frontier Bank Forbids Cash Collateral Use
TOYS "R" US: $375M Int'l DIP Facility Has Interim Approval
TOYS "R" US: Bankruptcy No Rating Impact on US CLOs, Fitch Says
TOYS "R" US: JAKKS to Report Loss Due to Toys R Us Woes

TRIDENT BRANDS: Fengate Has 40.4% Equity Stake as of Sept. 8
TRINITY 83: Court Dismisses Clawback Suit Against ColFin
TROVERCO INC: Proposes Up To $750K of Financing
UNITED BANCSHARES: Auditor Refuses to Stand for Reelection
VELLANO CORP: Contact Person of Committee Member Changed

VIRGIN ISLANDS PORT: S&P Lowers $24MM Marine Bonds Rating to 'B+'
VITAMIN WORLD: Taps JND Corporate as Administrative Agent
VITAMIN WORLD: U.S. Trustee Forms 5-Member Committee
WALTER INVESTMENT: Barclays Upsizes Credit Facilities by $300M
WARWICK PROPERTIES: Case Summary & 6 Unsecured Creditors

WASHINGTON PRIME: Fitch Affirms 'BB' Preferred Stock Rating
WEBMD HEALTH: Egan-Jones Cuts Sr. Unsec. Debt Ratings to BB-
WEST CORP: Fitch Assigns First-Time 'B+' IDR, Outlook Stable
[*] Fitch: Retail Inst'l Default Rate Could Top 10% with Toys R Us
[^] BOOK REVIEW: The Sorcerer's Apprentice - Medical Miracles


                            *********

2020 MCGOWEN: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
Judy A. Robbins, U.S. Trustee for the Southern District of Texas,
on Sept. 19 disclosed in a court filing that no official committee
of unsecured creditors has been appointed in the Chapter 11 case of
2020 McGowen, LLC.

2020 McGowen, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Tex. Case No. 17-32788).


21ST CENTURY ONCOLOGY: Convenience Claim Pool Hiked to $2.6MM
-------------------------------------------------------------
BankruptcyData.com reported that 21st Century Oncology Holdings
filed with the U.S. Bankruptcy Court a joint notice of settlement
with the Company's official committee of unsecured creditors. The
settlement notes, "To resolve the issues and concerns raised by the
official committee of unsecured creditors appointed in the Debtors'
bankruptcy cases with respect to the Plan, the Disclosure
Statement, the Solicitation Motion and the Backstop Approval
Motion, the Debtors have reached a settlement agreement with the
Creditors' Committee, which settlement is supported by the
Requisite Backstop Parties. The Convenience Claim Distribution
shall be increased to $2.6 million. The recovery percentage that a
holder of an Allowed General Unsecured Claim that has made the
Convenience Claim Election (with respect to an Allowed General
Unsecured Claim greater than $1,000,000) or has not made the New
Common Stock Election (with respect to an Allowed General Unsecured
Claim less than or equal to $1,000,000) receives on account of such
Allowed General Unsecured Claim from the Convenience Claim
Distribution shall not be capped. Subject to the terms of this Term
Sheet, any holder of an Eligible General Unsecured Claim as of the
Rights Offering Record Date that (i) has not made the Convenience
Claim Election (with respect to an Eligible General Unsecured Claim
greater than $1,000,000) or has made the New Common Stock Election
(with respect to an Eligible General Unsecured Claim less than or
equal to $1,000,000) and (ii) is an Accredited Investor shall
receive its pro rata share (based on the proportion that such
holder's Eligible General Unsecured Claim as of the Rights Offering
Record Date bears to the aggregate amount of (I) all Eligible
General Unsecured Claims as of the Rights Offering Record Date held
by each Person that has certified it is an Accredited Investor on
or prior to the Questionnaire Deadline plus (II) all Allowed Note
Claims as of the Rights Offering Record Date) of New Notes Rights
and New Preferred Equity Rights."

                  About 21st Century Oncology

21st Century Oncology Holdings, Inc., is a global provider of
integrated cancer care services.  As of March 31, 2017, the company
operated 179 treatment centers, including 143 centers located in 17
U.S. states and 36 centers located in seven countries in Latin
America.

21st Century and 59 U.S. affiliates filed Chapter 11 petitions
under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770)
on May 25, 2017.  At the time of the filing, the Debtors estimated
their assets and debt at $1 billion to $10 billion.

The cases are pending before the Hon. Judge Robert D. Drain.

Lorenzo Marinuzzi, Esq., at Morrison & Foerster LLP, serves as the
Debtors' bankruptcy counsel.  Kurtzman Carson Consultants LLC is
the Debtors' claims and noticing agent.

On June 8, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Morrison & Foerster LLP as counsel and Berkeley Research Group,
LLC, and financial advisor.


21ST CENTURY ONCOLOGY: Maturity Dates for Certain LOCs Extended
---------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
21st Century Oncology Holdings' motion to extend the maturity dates
for certain outstanding letters of credit.  As previously reported,
"As of the Petition Date, there were six letters of credit
outstanding under the First Lien Credit Facilities in the aggregate
amount of approximately $3.84 million (the 'Prepetition L/Cs').
The Prepetition L/Cs are scheduled to expire at various times in
late 2017 and early 2018.  Two of the Prepetition L/Cs expire on
September 30, 2017 and December 31, 2017, respectively (the
'Expiring L/Cs').  The Expiring L/Cs are in the aggregate amount of
approximately $775,500….  Moreover, if the maturity dates for the
Expiring L/Cs are not extended, the beneficiaries of the Expiring
L/Cs may draw on the Expiring L/Cs which would increase the
obligations under the First Lien Credit Facilities and the
associated interest expense."  According to the waiver, "Pursuant
to Sections 3.2 and 5.2 of the Credit Agreement, the Borrower will
request, concurrently with the request for waivers contemplated by
(i) this Waiver and (ii) the DIP Waiver, that the Administrative
Agent and the applicable Issuing Lenders agree to certain
amendments to the outstanding Letters of Credit (the 'Specified
Letters of Credit'), modifying or extending the maturity dates of
such Specified Letters of Credit; upon the effectiveness of this
Waiver and the granting of the LC Amendment Request, a Default and
Event of Default will occur…by and among the Borrower Holdings,
the subsidiary guarantors party as lenders and Morgan Stanley
Senior Funding, as administrative agent (the 'DIP Credit
Agreement'), the Borrower will request, concurrently with the
request for waiver contemplated by this Waiver and the request for
amendment contemplated by the LC Amendment Request, that Morgan
Stanley Senior Funding, as administrative agent under the DIP
Credit Agreement and certain lenders party there to grant a waiver
to the provisions under Sections 7.2(e) and 8.1(c) of the DIP
Credit Agreement to facilitate the granting of the LC Amendment
Request and the issuance of the Specified Letters of Credit thereby
(the 'DIP Waiver')."

                  About 21st Century Oncology

21st Century Oncology Holdings, Inc., is a global provider of
integrated cancer care services.  As of March 31, 2017, the company
operated 179 treatment centers, including 143 centers located in 17
U.S. states and 36 centers located in seven countries in Latin
America.

21st Century and 59 U.S. affiliates filed Chapter 11 petitions
under the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-22770)
on May 25, 2017.  At the time of the filing, the Debtors estimated
their assets and debt at $1 billion to $10 billion.

The cases are pending before the Hon. Judge Robert D. Drain.

Lorenzo Marinuzzi, Esq., at Morrison & Foerster LLP, serves as the
Debtors' bankruptcy counsel.  Kurtzman Carson Consultants LLC is
the Debtors' claims and noticing agent.

On June 8, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Morrison & Foerster LLP as counsel and Berkeley Research Group,
LLC, and financial advisor.


4 ACES REALTY: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: 4 Aces Realty, LLC
        2625 Rt 130
        Cranbury, NJ 08512

Business Description: 4 Aces Realty is a small business Debtor as
                      defined in 11 U.S.C. Section 101(51D)
                      categorized under Restaurants and Other
                      Eating Places.  The Company previously
                      sought bankruptcy protection on Jan. 10,
                      2017, under the name BK Enterprises
                      Corporation (Bankr. D. N.J. Case No. 17-
                      10550).  The prior case was dismissed for
                      failure to file information.

Chapter 11 Petition Date: September 20, 2017

Case No.: 17-29100

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Hon. Kathryn C. Ferguson

Debtor's Counsel: Harrison Ross Byck, Esq.
                  KASURI BYCK, LLC
                  340 Route 1 North
                  Edison, NJ 08817
                  Tel: 732-253-7630
                  Fax: 732-253-7632
                  E-mail: lawfirm@kasuribyck.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bill Kennedy, president.

The Debtor did not file a list of its 20 largest unsecured
creditors together with the petition.

A full-text copy of the petition is available for free at:

           http://bankrupt.com/misc/njb17-29100.pdf


ABACO ENERGY: S&P Ups Corp Credit Rating to CCC+ on Revenue Growth
------------------------------------------------------------------
S&P Global Ratings notes that Abaco Energy Technologies LLC has
experienced significant revenue growth due to increased drilling
activity in 2017. As a result, S&P expects the company to generate
sufficient cash flow to meet fixed charges and for leverage to
improve to sustainable levels in 2017 and into 2018.

S&P thus raised its corporate credit rating on U.S.-based Abaco
Energy Technologies LLC to 'CCC+' from 'CCC'. The outlook is
stable.

S&P said, "At the same time, we raised the issue-level rating on
company's first-lien debt to 'CCC+' from 'CCC'. The recovery rating
remains '3', which indicates our expectation for meaningful (50% to
70%; rounded estimate: 60%) recovery in the event of default.

"The upgrade reflects our expectation for significantly stronger
financial metrics driven by an improvement in the oilfield services
market as a result of increases in capital spending by the onshore
exploration and production (E&P) sector. The company's primary
products, which include rotors, stators, and stator relines are
closely tied to drilling activity in North America. With rig counts
doubling in the past year, we expect Abaco to end 2017 with
markedly improved financial performance.

"We expect revenues to nearly double and margins to continue to
improve. As a result, we expect leverage to improve to sustainable
levels and allow Abaco to meet financial maintenance covenants.
Additionally, we expect the company to generate sufficient cash
flow to meet ongoing principal payments and interest requirements.
However, we believe Abaco is still dependent on favorable business,
financial, and economic conditions.

"The stable outlook reflects our view that the company will
generate sufficient cash flow and maintain sufficient liquidity to
meet ongoing principal payments and interest requirements.
Additionally, we expect the company to meet financial maintenance
covenants that will decrease through 2017 and into 2018.

"We could downgrade the company if we expect revenues to decline
such that it violates covenant requirements or depletes cash and is
unable to meet its ongoing financing debt obligations. This would
likely occur if E&P companies decrease capital expenditures, likely
as a result of low commodity prices.

"We could raise ratings if we expect the company to improve
financial performance such that it comfortably meets its financing
and investment obligations and maintains adequate liquidity and
stronger leverage. This could occur if the company can demonstrate
a track record of maintaining sustainable leverage and meeting
financial maintenance covenants while maintaining at least adequate
liquidity."

-- S&P's simulated default scenario for Abaco assumes a sustained
period of weak crude oil and domestic natural gas prices and a
corresponding sharp decline in capital spending by domestic E&P
companies, resulting in industrywide overcapacity, increased
competition, and low equipment utilization.

-- S&P believes that in the event of a default, Abaco would likely
reorganize, because there would be more value in the business as a
going concern. To value the company, S&P applied a 5x multiple to
estimated EBITDA at emergence of $21 million, which yields a gross
enterprise value of approximately $109 million.

-- Principal due on the term loan assumes the company will make
scheduled principal payments through 2019.

-- Simulated year of default: 2019

-- Net enterprise value (after 5% administrative costs): $103
million

-- Secured first-lien debt claims (including the term loan): $139
million

-- Recovery expectations: 50% to 70% (rounded estimate: 60%)


AJUBEO LLC: Seeks Court Approval to Use Cash Collateral
-------------------------------------------------------
Ajubeo, LLC, seeks authorization from the U.S. Bankruptcy Court for
the District of Colorado to use cash collateral to fund its
ordinary course operations, and to fund the payment of
administrative expenses in accordance with the Budget.

The Debtor believes that it is only through a going concern sale of
substantially all of its assets that unsecured creditors will
receive any recovery on their claims.  Currently, the Debtor has
reached agreement on a proposed asset purchase agreement with a
stalking horse bidder, Green House Data, Inc., and the Debtor has
filed a motion to establish bidding procedures for the sale of
substantially all of its assets.

However, the Debtor plans to continue operation of its business
pending completion of the marketing and sale process.  In order to
maintain ongoing operations during this period, the Debtor needs to
pay for operating expenses such as employee wages, utilities,
insurance, rent, and other expense items accompanying the Budget

The proposed Budget reflects total cash disbursements of
approximately $1,003,722 covering the weeks ending Sept. 15 through
Oct. 27, 2017.

Silicon Valley Bank and Integrity Capital Income Fund, Inc., have
security interests in the cash collateral.  They consent to the use
of cash collateral consistent with the Debtor's proposed Interim
Order and Budget.

Silicon Valley Bank holds a secured claim against the Debtor in the
approximate amount of $630,000, secured by substantially all assets
of the Debtor (excluding intellectual property) pursuant to that
certain Loan and Security Agreement.

Integrity Capital holds a secured claim against the Debtor of
$915,000, secured by substantially all assets of the Debtor
(excluding intellectual property) pursuant to that certain Loan and
Security Agreement.

Pursuant to a Subordination Agreement by and among Silicon Valley
Bank, Integrity Capital, and the Debtor, Integrity Capital has
subordinated any security interest or lien that it may have in any
property of the Debtor to the security interest or lien of Silicon
Valley Bank, notwithstanding the respective dates of attachment or
perfection of their respective security interests or liens.

The Debtor proposes to grant replacement liens to Integrity Capital
and Silicon Valley Bank, which will attach to the Debtor's
postpetition accounts and income in accordance with the secured
creditors' relative prepetition priorities. The Debtor also
proposes to grant super-priority claims to Integrity Capital and
Silicon Valley Bank to the extent of the Post-Petition Shortfall.

Silicon Valley Bank will receive postpetition interest payments, at
the non-default rate, in the approximate amount of $3,000 per
month.  Subject to entry of the Final Order, Silicon Valley Bank
will also receive a one-time principal payment in the amount of
$51,683, as set forth in the Budget.

A full-text copy of the Debtor's Motion, dated Sept. 5, 2017, is
available at https://is.gd/ldmq9L

A copy of the Debtor's Budget is available at https://is.gd/dR11TM


                       About Ajubeo, LLC

Ajubeo, LLC -- https://www.ajubeo.com/ -- is a privately held
provider of internet infrastructure software and equipment.
Founded in 2011 and headquartered in Greater Denver Area in
Boulder, Colorado, Ajubeo serves clients all over the world with
datacenter hubs in Denver, New Jersey, Frankfurt, and Dusseldorf
Germany.

Ajubeo, LLC, filed a Chapter 11 petition (Bankr. D. Col. Case No.
17-17924) on Aug. 25, 2017.  The petition was signed by Jeff Kuo,
chairman of the Board of Managers.

At the time of filing, the Debtor estimated $1 million to $10
million both in assets and liabilities.

Joshua M. Hantman, Esq., at Brownstein Hyatt Farber Schreck, LLP,
serves as counsel to the Debtor.


ALASKA HARVEST: Disclosure Statement Hearing Set for Nov. 1
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon is set to hold
a hearing on November 1 to consider approval of the disclosure
statement, which explains the Chapter 11 plan for Alaska Harvest
Seafood LLC.

The hearing will take place at 10:00 a.m., at Courtroom 5.
Objections must be filed no less than seven days before the date of
the hearing.

                  About Alaska Harvest Seafood

Alaska Harvest Seafood LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Ore. Case No. 17-30261) on January
30, 2017.  The petition was signed by Paul Cutler, authorized
representative.   

At the time of the filing, the Debtor estimated its assets and
debts at $1 million to $10 million.

On February 1, 2017, the court ordered the transfer of the case to
the Eugene Office from the Portland Office.  The case was assigned
a new case number: 17-60288.  

Judge Thomas M. Renn presides over the case.  Streinz Law Office
represents the Debtor as bankruptcy counsel.


ALGODON WINES: Adjourns Annual Stockholder Meeting to Sept. 28
--------------------------------------------------------------
Algodon Wines & Luxury Development Group, Inc., convened its 2017
annual stockholder meeting on Sept. 19, 2017, at the Company's
offices: 135 Fifth Avenue, 10th Floor, New York, NY, 10010.  The
Annual Meeting was adjourned due to the absence of a quorum.  The
Annual Meeting will reconvene at 2:00 p.m. Eastern Time on
Thursday, Sept. 28, 2017, at 135 Fifth Avenue, 10th Floor, New
York.

The record date for the Annual Meeting has not changed, and only
stockholders of record at the close of business on Aug. 25, 2017,
are entitled to vote at the reconvened meeting.  The polls will
remain open for voting during the adjournment period.

                      About Algodon Wines

Through its wholly-owned subsidiaries, Algodon Wines & Luxury
Development Group, Inc. -- http://www.algodongroup.com/-- invests
in, develops and operates real estate projects in Argentina.  AWLD
operates a hotel, golf and tennis resort, vineyard and producing
winery in addition to developing residential lots located near the
resort.  The activities in Argentina are conducted through its
operating entities: InvestProperty Group, LLC, Algodon Global
Properties, LLC, The Algodon - Recoleta S.R.L, Algodon Properties
II S.R.L., and Algodon Wine Estates S.R.L. AWLD distributes its
wines in Europe through its United Kingdom entity, Algodon Europe,
LTD.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2016, citing that the Company has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

Algodon Wines reported a net loss of $10.04 million on $1.52
million of sales for the year ended Dec. 31, 2016, compared to a
net loss of $8.27 million on $1.86 million of sales for the year
ended Dec. 31, 2015.

As of June 30, 2017, Algodon Wines had $8.07 million in total
assets, $4.14 million in total liabilities, $4.80 million in series
B convertible redeemable preferred stock and a total stockholders'
deficiency of $880,859.


ALLIANCE HEALTHCARE: S&P Affirms B+ CCR & Alters Outlook to Stable
------------------------------------------------------------------
S&P Global Ratings notes that Newport Beach, Calif.-based Alliance
HealthCare Services continued its improved performance over the
first half of the year. It invested in capital spending, which has
improved revenue and EBITDA growth, and resulted in leverage near
5x and positive discretionary cash flow.

S&P thus affirmed its 'B+' corporate credit rating on Alliance
HealthCare Services. S&P revised the outlook to stable from
negative.

S&P said, "In addition, we assigned a 'B+' rating to Alliance's
proposed $125 million revolving credit facility and $380 million
first-lien term loan. The recovery rating on this debt is '3',
indicating expectations for meaningful (50%-70%; rounded estimate:
60%) recovery in the event of a payment default. At the same time,
we assigned a 'B-' rating to the company's $150 million second-lien
term loan. The recovery rating on this debt is '6', indicating
expectations for negligible (0%-10%: rounded estimate: 0%) recovery
in a default

"The outlook revision reflects the company's improvement in
operating performance and greater pricing stability. The company
invested in new equipment and newer lines of business which has
resulted in solid revenue and EBITDA growth, leverage declining to
5x, and positive discretionary cash flow. We expect a continuation
in EBITDA growth and an improvement in leverage and cash flow
generation.  The stable outlook reflects our expectation that
leverage will remain at or below 5x over the next year based on our
expectation that the company will sustain its solid operating
performance, pricing will be relatively stable, and the company
will generate roughly $40 million to $50 million of discretionary
cash flow.

"We could lower the rating if pricing pressure intensifies or
operating performance weakens, causing leverage to rise above 5.5x.
This could occur if the company continues to experience pricing
pressure, is not able to convert elevated capital spending into
revenue growth, and margins decline more than 250 basis points.

"We could raise the ratings if the company is able to outperform
our base case and sustain leverage around 4x. This would require a
300-basis-point margin improvement, which could occur if the
company's newer lines of business (oncology, interventional
medicine) grow at a brisk pace and its investments in equipment
result in high growth and margin expansion."


ALTON BEAN: Case Summary & 8 Unsecured Creditors
------------------------------------------------
Debtor: Alton Bean Trucking, Inc.
        1403 Hwy 84E
        Amity, AR 71921

Case No.: 17-72352

Type of Business: Founded in 1989, Alton Bean Trucking Inc. is
                  engaged in the business of providing trucking
                  transportation services.

Chapter 11 Petition Date: September 20, 2017

Court: United States Bankruptcy Court
       Western District of Arkansas (Hot Springs)

Judge: Hon. Ben T Barry

Debtor's Counsel: Marc Honey, Esq.
                  HONEY LAW FIRM, P.A.
                  P.O. Box 1254
                  1311 Central Avenue
                  Hot Springs, AR 71902
                  Tel: (501) 321-1007
                  Fax: (501) 321-1255
                  E-mail: mhoney@honeylawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary A. Bean, II, president.

A full-text copy of the petition, along with a list of eight
unsecured creditors, is available for free at
http://bankrupt.com/misc/arwb17-72352.pdf


AMN HEALTHCARE: S&P Alters Outlook to Positive & Affirms 'BB-' CCR
------------------------------------------------------------------
S&P Global Ratings affirmed its ratings on AMN Healthcare Services
Inc., including the 'BB-' corporate credit rating, and revised the
rating outlook to positive from stable.

U.S. health care staffing and workforce solutions provider AMN
Healthcare Inc. nearly doubled its revenue base over the past few
years, increased EBITDA margins several hundred basis points to
around 13%, and increased free cash flow to greater than $100
million.

The company has been successfully diversifying its service lines,
reducing the proportion of revenue exposed to the highly cyclical
health care nurse and allied staffing business, which remains
fragmented, highly competitive, and has relatively low profit
margins.

S&P said, "At the same time, we raised the rating on AMN Healthcare
Inc.'s senior unsecured debt to 'BB-' from 'B+', and revised the
recovery rating to '4' from '5'. The '4' recovery rating indicates
our expectation for average (30%-50%; rounded: estimate: 30%)
recovery in the event of default.

"Our outlook revision follows substantial EBITDA growth and a
trajectory of improving free cash flow generation as well as the
company's evolution from a traditional health care staffing company
to a full service workforce solutions provider, gradually
diversifying its revenues away from the highly cyclical nursing and
allied solutions segment (62% of 2016 revenues) and deepening its
relationship with customers through its managed service programs.
This results in credit quality that is becoming more consistent
with 'BB' rated peers.

"The positive outlook reflects our view that AMN has positioned
itself to be more resilient in an economic downturn, resulting in
credit quality that is becoming more consistent with 'BB' rated
peers.

"We expect AMN will sustain its recent improvements, and that
leverage levels will generally fluctuate in the 2x-3x range as the
company pursues moderate acquisitions that we expect to further
diversify revenues away from its cyclical nurse and allied staffing
segment.

"We could revise the outlook to stable if the company experiences
deterioration in business prospects or gets more aggressive in
pursuing acquisition-based growth, resulting in leverage sustained
in the high-2x range. We could also revise the outlook to stable if
the company's acquisitions don't reduce the exposure to the
cyclical nursing and allied health segment. A drop in margins by
400 basis points due to a scarcity of nurses or intensifying
price-based competition could prompt us to move the outlook back to
stable.

"We could also revise the outlook if AMN experiences an unforeseen
operating issue that results in meaningful customer losses and a
sharp contraction in EBITDA, resulting in our expectation for free
cash flow to fall short of $100 million annually.

"We could raise the rating if we gain greater confidence that AMN
will pursue its growth objectives (including acquisitions and share
repurchases), and continue to diversify away from the cyclical
nursing and allied health staffing segment and generally maintain
adjusted debt leverage in the 2x-3x range while generating free
operating cash flow in excess of $100 million."


ARC-RITE INC: Chapter 727 Claims Bar Date Set for Jan. 5
--------------------------------------------------------
A petition was filed Sept. 7, 2017, commencing an Assignment for
the Benefit of Creditors proceeding, pursuant to Chapter 727,
Florida Statutes, by Arc-Rite, Inc. as Assignor, to Mark C. Healy
of Michael Moecker & Associates, Inc., as Assignee.

Pursuant to Section 727.105, Florida Statutes, no proceeding may be
commenced against the Assignee except as provided in Chapter 727,
and except in the case of a secured creditor enforcing its rights
and collateral under Chapter 679, there shall be no levy,
execution, attachment, or the like in the respect of any judgment
against assets of the estate, other than real property, in the
possession, custody, or control of the Assignee.

In order to receive any dividend in this proceeding,
Parties-in-interest must file a proof of claim with the Assignee on
or before January 5, 2018.

The case is captioned, ARC-RITE, INC., Assignor, v. MARK HEALY,
Assignee, Case No.: 2017-CA-5699, before the Circuit Court Fourth
Judicial Circuit, Duval County.

Arc-Rite has its principal place of business at 341 North Highway
17, Palatka, Florida 32177.

The Assignee may be reached at:

     Mark C. Healy
     Michael Moecker & Associates
     1883 Marina Mile Boulevard, Suite 106
     Fort Lauderdale, Florida 33315.


ARCONIC INC: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB+
------------------------------------------------------------
Egan-Jones Ratings Company, on July 26, 2017, raised the senior
unsecured ratings on debt issued by Arconic Inc. to BB+ from BB.

Arconic (NYSE: ARNC), formerly called Alcoa Inc., is a company
specializing in lightweight metals engineering and manufacturing.
Arconic's products, which include aluminum, titanium, and nickel,
are used worldwide in aerospace, automotive, commercial
transportation, packaging, building and construction, oil and gas,
defense, consumer electronics, and industrial applications.



ART & DENTISTRY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Art & Dentistry, LLC
          fdba Beam Bright Dental, LLC
        6500 Rock Spring Drive, Suite 110
        Bethesda, MD 20817

Business Description: Art & Dentistry, LLC --
                      http://www.artanddentistry.com--
                      is a dental services organization
                      with offices in Bethesda, Potomac,
                      Rockville, and Washington DC.  The Company's
                      services include family and general
                      dentistry, CEREC one-visit crowns,
                      traditional orthodontics, cosmetic
                      dentistry, invisalign clear braces,
                      porcelain veneers, teeth whitening, dental
                      implants, sedation dentistry and botox
                      cosmetic and juvaderm.

Chapter 11 Petition Date: September 20, 2017

Case No.: 17-22579

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Wendelin I. Lipp

Debtor's Counsel: David E. Lynn, Esq.
                  DAVID E. LYNN, P.C.
                  15245 Shady Grove Road
                  Suite 465 North
                  Rockville, MD 20850
                  Tel: (301) 255-0100
                  Fax: (301) 255-0101
                  E-mail: davidlynn@verizon.net

Estimated Assets: $100,000 to $500,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ellen Brodsky, managing member.

A full-text copy of the Debtor's petition and list of 20 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/mdb17-22579.pdf


ASPEN COURT: Exclusive Plan Filing Period Extended to Dec. 15
-------------------------------------------------------------
The Hon. Timothy Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois has extended, at the behest of Aspen
Court, L.L.C., the periods wherein the Debtor can exclusively file
a plan of reorganization and solicit acceptance of the Plan, to and
including Dec. 15, 2017, and March 31, 2018, respectively.

As reported by the Troubled Company Reporter on Sept. 14, 2017, the
Debtor asked the Court to extend the periods wherein the Debtor can
exclusively file a plan of reorganization and solicit acceptance of
the Plan, to and including Jan. 31, 2018, and March 31, 2018,
respectively.  The Debtor said it has been diligently pursuing the
administration of this Chapter 11 case with a view toward
formulating a prompt exit strategy.  The Debtor assured the Court
that the secured interests of the various lenders are adequately
protected and will remain adequately protected throughout the
duration of this Chapter 11 case.

                        About Aspen Court

Aspen Court, L.L.C. -- http://www.aspencourtwiu.com/-- owns an
apartment community located at 1507 W. Jackson Street Macomb,
Illinois 61455, with four convenient locations within walking
distance to the Western Illinois University Campus.  Aspen Court
offers floor plans that accommodate all types of residents.  It is
the only apartment community in Macomb to offer 1, 2, and 3 bedroom
apartments and 4 bedroom townhomes.  Each apartment has a bathroom
for every bedrooom!  Its complex has just recently been constructed
and contains all of the newest construction and communication
technology.  Every apartment comes with High-Speed Fiber Optic
Internet included with data jacks in every bedroom and living
room.

Aspen Court filed for Chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 17-16064) on May 24, 2017, estimating its assets and
liabilities at between $10 million and $50 million each.  The
petition was signed by Jonathan Sauser as member and designated
representative.

Judge Timothy A. Barnes presides over the case.

David K Welch, Esq., at Crane, Heyman, Simon, Welch & Clar, serves
as the Debtor's bankruptcy counsel.


ATHANAS FENCE: Unsecureds to Recover 35% Under Amended Plan
-----------------------------------------------------------
Athanas Fence Co., Inc. filed with the U.S. Bankruptcy Court for
the Northern District of Illinois an amended proposed disclosure
statement in connection with its amended plan of reorganization,
dated Sept. 15, 2017.

Class III under the proposed plan consists of the allowed
non-insider general unsecured claims. The Debtor estimates there to
be approximately $440,000 in non-insider General Unsecured Claims.
The holders of Class III Claims will be paid 35% of their claim
over the course of the Plan. Payments are to be made semi-annually
commencing the later of Dec. 15, 2017, or 30 days after the appeal
period has expired on the Order Confirming Plan. Class III is
impaired.

The Debtor will continue its business operations to fund the
payments under the Plan of Reorganization. The Debtor expects
income to grow from year 2017 through 2021.  All payments and
distributions under the First Amended Plan will be made James
Jeffrey Athanas, the president of the Debtor.

The Debtor's original Disclosure Statement proposed to pay Class
III - General Unsecured Claims 30% of the total allowed amount,
which the Debtor estimated to be approximately $398,000.  The
original Disclosure Statement provided that all payments under the
Plan will be provided by Richard Latarte, the president of the
Debtor.

A full-text copy of the Disclosure Statement dated August 14, 2017,
is available at:

      http://bankrupt.com/misc/ilnb17-03883-50.pdf

A full-text copy of the Amended Disclosure Statement dated
September 15, 2017, is available at:

     http://bankrupt.com/misc/ilnb17-03883-54.pdf

                 About Athanas Fence Co.

Athanas Fence Co., Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 17-03883) on Feb. 10,
2017.  The petition was signed by James J. Athanas, president.  The
Debtor estimated assets of less than $50,000 and liabilities of
less than $500,000.  The case is assigned to Judge Timothy A.
Barnes.  The Debtor is represented by Joseph E. Cohen, Esq., at
Cohen & Krol.


BAVARIA YACHTS: Wants Plan Filing Period Extended to Jan. 30
------------------------------------------------------------
Bavaria Yachts USA, LLLP, asks the U.S. Bankruptcy Court for the
Northern District of Georgia to extend its exclusive period to file
a Chapter 11 Plan through and including Jan. 30, 2018, and the
exclusive period within which to solicit acceptances of a plan
through Feb. 28, 2018.

A hearing on the Debtor's request is set for Oct. 10, 2017, at 1:30
p.m.

On June 8, 2017, the Court granted the Debtor's request to extend
the exclusivity period to file a plan through Sept. 30, and the
exclusive period within which to solicit acceptances of a plan to
Oct. 30.  As reported by the Troubled Company Reporter on May 17,
the Debtor requested the Court to extend its exclusive period to
file a Chapter 11 Plan through Sept. 30, as well as the Debtor's
exclusive period within which to solicit acceptances of a plan
through Oct. 30.  The Debtor explained that extending the
exclusivity deadline is appropriate due to the complexity of the
case and the scheduled mediation with Creditor Bavaria Yachtbau
GmbH. In addition, the Debtor claimed that it is in the process of
selling its last vessel, and as such, the additional time would
assist the Debtor in negotiating such sale and allow the Debtor to
formulate a more definitive plan.

The Debtor says that an adversary proceeding effecting the estate's
rights to property remains pending and it will affect a plan.  

                     About Bavaria Yachts USA

Bavaria Yachts USA, LLLP, is a Georgia limited liability limited
partnership which is in the business of buying and selling new and
used Bavaria boats.

Bavaria Yachts USA, LLLP sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 16-68583) on Oct. 18,
2016.  The petition was signed by Kenneth Feld, manager of Oddbody
LLC, the Debtor's general partner.  At the time of the filing, the
Debtor estimated its assets and liabilities at $1 million to $10
million.

The Debtor tapped Louis G. McBryan, Esq., of McBryan LLC, to serve
as legal counsel in connection with its Chapter 11 case.  The
Debtor hired Alexander Dombrowsky, Esq., at Robert Allen Law, as
its special counsel; and Mark M. Chase and Chase CPA, LLC, as its
accountants.

An official committee of unsecured creditors has not been appointed
in the case.


BBQ BOSS: Unsecureds to be Paid $140.85 Per Month Over 10 Years
---------------------------------------------------------------
Unsecured creditors of BBQ Boss, LLC, will receive a monthly
payment of $140.85 under the company's proposed plan to exit
Chapter 11 protection.

Under the restructuring plan, unsecured creditors will be paid in
monthly installments over 10 years with interest at the rate of 4%
per annum.  Unsecured claims are estimated to be $13,912.28.

The plan will be funded from the company's income generated from
the operations of its business, according to its disclosure
statement filed on September 12 with the U.S. Bankruptcy Court for
the Northern District of Alabama.

A full-text copy of the disclosure statement is available for free
at https://is.gd/FHLZmq

                       About BBQ Boss LLC

BBQ Boss, LLC is a convenience store and restaurant located at 1429
U.S. Highway 78 West, Oxford, Alabama.

The Debtor filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 17-40046) on January 12,
2017, disclosing less than $1 million in both assets and
liabilities.  

Judge James J. Robinson presides over the case.  Harry P. Long,
Esq., represents the Debtor as bankruptcy counsel.


BCW EXPRESS: Allowed to Use Up To $100K Cash Collateral
-------------------------------------------------------
Judge Marci B. McIvor of the U.S. Bankruptcy Court for the Eastern
District of Michigan authorized BCW Express Delivery, Inc., to
receive, collect, and make use of the cash collateral in its
possession and that it receives in the ordinary course of its
business only until the earlier of the date of the final hearing or
the date that the order would become a final order.

The Court will hold a final hearing on the continued use of cash
collateral on Oct. 10, 2017 at 10:30 a.m.

The maximum amount of cash collateral necessary to avoid immediate
and irreparable harm is $100,000.  The Debtor may use said cash
collateral for the reasonable and necessary operating expenses
incurred in the ordinary course of its business, including, but not
limited to, current taxes incurred, personal property taxes,
employee salaries, unpaid withholding taxes, property insurance,
vehicle repairs and maintenance, utilities and other ordinary
course charges necessary for the Debtor's operations, U.S. Trustee
quarterly fees and court approved fees and expenses of
professionals retained by the Debtor.

The following creditors will receive monthly adequate protection
payments beginning Sept. 15, 2017, and every month thereafter up
through confirmation of any plan:

          Cap Call Inc.                             $500
          Complete Business Solutions Group, Inc.   $500
          Spark Funding                              $50
          Viceroy Capital Funding                   $300
          Yellowstone Capital                       $500

A full-text copy of the Order, dated Sept. 5, 2017, is available at
https://is.gd/mAK9Lo

                   About BCW Express Delivery

BCW Express Delivery, Inc., a Michigan corporation, owns several
Federal Express routes located geographically from Port Huron to
Chesterfield, Michigan.  The business is located at 5290 River Rd.,
East China, MI.

BCW Express Delivery filed a Chapter 11 petition (Bankr. E.D. Mich.
Case No. 17-52368) on Aug. 31, 2017.  The petition was signed by
William Channon Worthen, president.  At the time of filing, the
Debtor estimated less than $50,000 in assets and $100,000 to
$500,000 in liabilities.

The Debtor is represented by Edward J. Gudeman, Esq. at Gudeman &
Associates, P.C.  


BELLEVILLE DEVELOPMENT: Seeking New Buyer, More Time to File Plan
-----------------------------------------------------------------
Belleville Development Group, LLC, requests the U.S. Bankruptcy
Court for the District of New Jersey for a 120-day extension of the
exclusive period within which the Debtor may (a) file a chapter 11
plan through January 17, 2018; and (b) solicit votes on a chapter
11 plan through March 18, 2018.

The Debtor says a deal to sell its assets have fallen through and
it is in talks with a new buyer.

Absent the requested relief, the Debtor's Exclusive Filing Period
was slated to expire September 19 and the Exclusive Solicitation
Period will expire on November 19.

At the outset of this case, the Debtor says its goal was to
consummate a sale of the its sole asset, the real property located
at 620-632 Washington Avenue, Belleville, New Jersey.  To achieve
this end, the Debtor conducted an auction of the Property after the
Petition Date, and at the conclusion of said auction, Anthony
Marchigiano or his designee was deemed the successful purchaser of
the Real Property.

Consequently, the Court approved the sale of the Real Property to
Mr. Marchigiano on July 26, 2017. However, subsequent to entry of
the Sale Order, Mr. Marchigiano terminated the asset purchase
agreement with the Debtor and the proposed sale of the Real
Property to Purchaser was terminated.

Notwithstanding Mr. Marchigiano's termination of his asset purchase
agreement, the Debtor forges ahead and continues to solicit bids on
the Real Property.  While the Debtor's goal has been delayed, the
Debtor tells the Court that it has been in negotiations with at
least two parties (one being the party approved as the back-up
bidder in the Sale Order) to purchase the Real Property.

In addition to taking the necessary steps to achieve the Debtor's
overarching goal through this proceeding, the Debtor and its
professionals also addressed several typical tasks related to a
chapter 11 proceeding. The Debtor avers that attending to the
issues surrounding the sale of the Real Property and more
importantly, the uncertainty of available funds, has made it
difficult for the Debtor to address and formulate a proposed plan
of liquidation.

Accordingly, the Debtor requests the extension of the Exclusivity
Period to complete its sale related efforts. The Debtor says it
firmly believes that it is at a critical juncture in this case and
needs to finalize the terms of a sale of the Real Property. As
such, this requires the full attention of the Debtor and its
professionals.

Additionally, the Debtor asserts that any recovery to its
stakeholders will naturally flow from the sale of the Real
Property. When a sale does occur, the Debtor will then be in a
better position to focus its efforts on formulating a plan of
liquidation that addresses claims, causes of action and
distributions to creditors within the priority scheme of the
Bankruptcy Code.

A hearing on the Motion will be held on October 17, 2017, at 10:00
a.m.

              About Belleville Development Group, LLC

Belleville Development Group, LLC, based in Virginia Beach, VA,
filed a Chapter 11 petition (Bankr. D.N.J. Case No. 17-20469) on
May 22, 2017. Stephen Ravin, Esq., at Saul Ewing LLP, serves as
bankruptcy counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Anthony
Regan, managing member.


BLACKSMITH SQUARE: Case Summary & 9 Unsecured Creditors
-------------------------------------------------------
Debtor: Blacksmith Square Partners LLC
        1102 Ellsworth Blvd
        Malta, NY 12020

Business Description: Blacksmith Square owns in fee simple
                      interest a parcel of undeveloped commercial

                      real estate measuring 5.34 acre located at
                      2458 Route 9 Malta, NY 12020, valued by the
                      Company at $3 million.  It is also the fee
                      simple owner of a .7 acre of undeveloped
                      commercial property located at 11 Blacksmith
                      Dr Malta, NY 12020, valued by the Company at
                      $150,000.  Blacksmith Square is equally
                      owned by Neil Swingruber and Bruce Schnitz.

Chapter 11 Petition Date: September 20, 2017

Case No.: 17-11745

Court: United States Bankruptcy Court
       Northern District of New York (Albany)

Debtor's Counsel: Michael Leo Boyle, Esq.
                  TULLY RINCKEY P.L.L.C.
                  441 New Karner Rd.
                  Albany, NY 12205
                  Tel: 518-218-7100
                  E-mail: mboyle@tullylegal.com

Total Assets: $3.15 million

Total Liabilities: $3.05 million

The petition was signed by Neil S. Swingruber, Jr., member.

A full-text copy of the petition and list of nine unsecured
creditors is
available for free at http://bankrupt.com/misc/nynb17-11745.pdf


BRINKER INT'L: Egan-Jones Cuts LC Sr. Unsecured Rating to BB
------------------------------------------------------------
Egan-Jones Ratings Company, on August 31, 2017, lowered the local
currency senior unsecured rating on debt issued by Brinker
International Inc. to BB from BB+.

Previously, on July 17, 2017, EJR lowered the local currency and
foreign currency senior unsecured ratings on debt issued by Brinker
to BB+ from BBB-.

Brinker International, Inc. is an American multinational
hospitality industry company that owns Chili's and Maggiano's
Little Italy restaurant chains.


CAPITOL SUPPLY: Case Summary & 10 Unsecured Creditors
-----------------------------------------------------
Debtor: Capitol Supply, Inc.
        851 Broken Sound Parkway, Suite 280
        Boca Raton, FL 33487

Type of Business: Since 1983, Capitol Supply has provided the
                  United States Government, the US Military, State

                  and local government agencies and consumer and
                  commercial customers worldwide various products
                  needed to operate their businesses.  Capitol
                  Supply offers office supply, office furniture,
                  hardware, tools, auto parts, cleaning supplies,
                  dorms and quarters, package room, and GSA
                  schedule needs.  Capitol Supply was formerly
                  known as Capitol Furniture Distributing Company
                  and changed its name to Capitol Supply, Inc. in
                  March 2005.

Chapter 11 Petition Date: September 20, 2017

Case No.: 17-21544

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Bradley S Shraiberg, Esq.
                  SHRAIBERG LANDAU & PAGE PA
                  2385 NW Executive Center Dr. #300
                  Boca Raton, FL 33431
                  Tel: (561) 443-0801
                  Fax: (561) 998-0047
                  E-mail: bss@slp.law

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert J. Steinman, director and chief
executive officer.

A copy of the Debtor's list of 10 unsecured creditors is available
for free at http://bankrupt.com/misc/paeb17-21544.pdf

A full-text copy of Capitol Supply's petition is available for free
at:

     http://bankrupt.com/misc/paeb17-21544_petition.pdf


CARL WEBER GREEN: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Carl Weber Green, LLC
        1185 Avenue of the Americas, 18th Floor
        New York, NY 10036

Type of Business: Carl Weber Green is affiliated with
                  3490RT94, LLC, which sought bankruptcy
                  protection on Nov. 17, 2016 (Bankr.
                  D.N.J. Case No. 16-32067).  3490RT94
                  listed its business as a Single Asset Real
                  Estate.

Case No.: 17-29110

Chapter 11 Petition Date: September 20, 2017

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Debtor's Counsel: Stuart J. Glick, Esq.
                  THOMPSON & KNIGHT LLP
                  900 Third Avenue, FL 20
                  New York, NY 10022
                  Tel: 212-751-3392
                  Fax: 214-880-3290
                  Email: stuart.glick@tklaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Philip Sivin, manager.

The Debtor did not file a list of 20 largest unsecured creditors
together with the petition.

A full-text copy of the petition is available for free at:

            http://bankrupt.com/misc/njb17-29110.pdf


CAROL LLOYD: Allowed to Use Cash Collateral for Next 30 Days
------------------------------------------------------------
Judge George R. Hodges of the U.S. Bankruptcy Court for the Western
District of North Carolina signed an interim order allowing Carol
Lloyd, Inc. to use up to $307,690 of cash collateral during the
next 30 days or until final hearing, whichever occurs first.

A hearing on the Debtor's continued use of cash collateral will be
held on Oct. 18, 2017 at 9:30 a.m.
    
The Debtor has represented that these entities are Potential
Secured Creditors: (a) Corporation Service Company, as
Representative; and (b) EIN CAP, Inc.

At the time of the petition, the Debtor has accounts receivable of
approximately $312,000. The Debtor needs to use these receivables
to continue normal operations and to maintain its going concern
value. However, the Potential Secured Creditors have not consented
to Debtor's use of cash collateral.

Accordingly, as adequate protection, and to the extent that cash
collateral is used, the Potential Secured Creditors will receive a
postpetition lien on the Debtor's accounts receivable to the extent
that the prepetition lien on the same type of collateral was valid,
perfected, enforceable, and non-avoidable as of the petition date.

The Debtor's use of cash collateral is contingent upon Debtor
filing its 941 first and second quarter 2017 reports, tax returns
for first and second quarter 2017 as well as payment of taxes for
those quarters in full by no later than Oct. 22, 2017.

A full-text copy of the Interim Order, dated Sept. 5, 2017, is
available at https://is.gd/he8lrr

                        About Carol Lloyd

Headquartered in Asheville, North Carolina, Carol Lloyd, Inc.,
doing business as MMDS of Asheville, has been providing X-ray
laboratory services (including dental) since 2004.

Carol Lloyd, Inc., is an affiliate of MMDS of North Carolina Inc.,
which sought bankruptcy protection (Bankr. E.D.N.C. Case No.
17-01749) on April 7, 2017.

Carol Lloyd filed a Chapter 11 bankruptcy petition (Bankr. W.D.N.C.
Case No. 17-10207) on May 15, 2017, estimating its assets at up to
$50,000 and liabilities between $1 million and $10 million.  The
petition was signed by Lloyd M. Williams, III, authorized
representative.

Judge George R. Hodges presides over the case.

David R. Badger, Esq., at David R. Badger, P.A., serves as the
Debtor's bankruptcy counsel.


CARTEL MANAGEMENT: May Exclusively File Plan Until Dec. 29
----------------------------------------------------------
The Hon. Deborah J. Saltzman of the U.S. Bankruptcy Court for the
Central District of California has extended, at the behest of
Cartel Management, Inc., and Titans of Mavericks, LLC, the
exclusivity periods for the Debtors to file a plan of
reorganization and obtain acceptance of the plan to and including
Dec. 29, 2017, and Feb. 27, 2018, respectively.

The hearing on the extension, currently set for Sept. 25, 2017, at
2:00 p.m., is vacated.  The status conference in the jointly
administered cases, currently set for Sept. 25, 2017, at 2:00 p.m.,
is continued to Feb. 21, 2018, at 2:00 p.m.

As reported by the Troubled Company Reporter on Aug. 31, 2017, the
Debtors asked the Court to extend the exclusivity periods for the
Debtors to file a plan of reorganization and obtain acceptance of
the plan, respectively, to and including Dec. 29, and Feb. 28,
2018, respectively.  The Debtors contended that during the past
several months, they have been engaged in extensive marketing
efforts of their business and assets.  The Debtors also contended
that they are in the process of negotiating a sale of certain of
their assets; while agreements in principal have been reached with
the buyer, the Debtors and the buyer continue to negotiate the
specific terms of an asset purchase agreement.  The Debtors
anticipated filing a sale motion concurrently with, or soon after,
the filing of the Exclusivity Motion.

                    About Cartel Management

Cartel Management, Inc. and Titans of Mavericks, LLC --
http://www.titansofmavericks.com/-- together, promote, organize
and host a sporting event in "big wave" surfing known as "Titans of
Mavericks" at the Pacific Ocean surf break popularly known as
"Maverick's" located near Half Moon Bay, California.

Cartel and Titans filed Chapter 11 petitions (Bankr. C.D. Cal. Lead
Case No. 17-11179) on Jan. 31, 2017.  The petitions were signed by
Griffin Guess, president of Cartel.

At the time of filing, Cartel estimated assets of less than $1
million and estimated liabilities of $1 million to $10 million.
Titans estimated assets of less than $50,000 and liabilities of
less than $500,000.

Judge Deborah J. Saltzman presides over the cases.

The Debtors engaged David L. Neale, Esq., at Levene, Neale, Bender,
Yoo & Brill LLP, in Los Angeles, California, as bankruptcy counsel.
The Debtors tapped Hartford O. Brown, Esq., at Klinedinst PC, as
special counsel in relation to the potential sale of their assets,
and to handle disputes with Red Bull Media House North America,
Inc., and other third parties.  The Debtors also tapped Tyler
Paetkau, Esq., of Hartnett, Smith & Paetkau to represent them on
certain proceedings, including administrative proceedings before
the San Mateo County Harbor District, the California Coastal
Commission, the San Mateo County Planning and Building Department,
and National Oceanic and Atmospheric Administration.


CATALENT INC: S&P Affirms 'BB-' CCR on Planned Cook Acquisition
---------------------------------------------------------------
Catalent Inc. announced its intention to acquire Bloomington,
Ind.-based biologics-focused contract development and manufacturing
organization (CDMO) Cook Pharmica. The transaction is valued at
$950 million with $750 million paid at close, funded with a
combination of cash on hand, debt, and equity, and $200 million
paid over four years.

S&P Global Ratings thus affirmed its 'BB-' long-term corporate
credit rating on Somerset, N.J.-based biopharmaceutical CDMO
Catalent Inc. The outlook remains stable.

S&P said, "We will provide an update on the issue-level ratings
when more is known on the expected capital structure.

"The affirmation reflects our view that Catalent's acquisition of
Cook Pharmica is within our expectations for adjusted debt leverage
at the current rating and does not materially change our overall
view of Catalent's competitive position. We believe that TTM net
debt leverage will rise to about 5.5x at the close of the
transaction, but we expect leverage to quickly decline to the
long-term range of 4x-5x. We believe the acquisition of Cook
Pharmica is a credit positive for Catalent from a competitive
position perspective, as it expands the company's capabilities in
outsourced biologics manufacturing, a faster growing area of the
pharmaceutical industry. The acquisition will also provide some
revenue diversification, as biologics will now contribute 21% from
14%.

"Our stable outlook on Catalent Inc. reflects our expectations that
the company will quickly reduce net leverage to the 4x-5x range
over the next 12 months as it integrates Cook Pharmica. We expect
Catalent to grow organic revenue in the mid-single-digits, similar
to the overall pharmaceutical industry, and slightly improve
margins over the next 12 months by about 50 basis points.

"In the more likely scenario, we could consider a higher rating in
the next 12 months if we expect leverage to remain in the 4x-4.5x
range. We would expect to see the company raise its profitability
such that it can fund more of its acquisition strategy and share
repurchases through free cash flow, allowing leverage to
consistently stay lower, and we would expect the company to
publicly commit to a long-term adjusted leverage target of 4x or
lower. In this scenario, we would expect the company to
successfully integrate Cook and improve capacity utilization at
that facility, raising margins.

"We could consider lowering the rating if Catalent makes another
large acquisition in the next year that raises long-term leverage
above 5x for over a year and creates significant integration risk.
Another acquisition in the next 12 months of $750 million or more
could prompt a downgrade."


CATALENT PHARMA: Moody's Affirms 'B1' CFR Amid Cook Pharmica Deal
-----------------------------------------------------------------
Moody's Investors Service affirmed the B1 Corporate Family Rating
and B1-PD Probability of Default Rating of Catalent Pharma
Solutions, Inc. The rating agency also affirmed the Ba3 ratings on
Catalent's existing senior secured credit facilities and the B3
rating on the existing senior unsecured notes. Finally, Moody's
affirmed Catalent's Speculative Grade Liquidity Rating of SGL-1.
The outlook is stable.

These actions follow Catalent's announcement that it will acquire
privately owned Cook Pharmica for $950 million. The affirmation
reflects Moody's view that the Cook Pharmica acquisition will
accelerate Catalent's penetration into the fast-growing biologics
market and will add important capabilities that Catalent currently
lacks.

The acquisition will increase Catalent's pro forma adjusted debt to
EBITDA to 5.6 times from 4.9x as of June 30, 2017. This calculation
assumes that the $200 million deferred portion of the purchase
price is debt-funded. The affirmation further signals that Moody's
expects Catalent's adjusted debt to EBITDA to return to 5.0 times
by 2018's end.

The instrument ratings are subject to change as additional
financing details about the transaction become publically
available.

Ratings affirmed:

Catalent Pharma Solutions, Inc.

Corporate Family Rating at B1

Probability of Default Rating at B1-PD

Senior secured revolving credit facility expiring 2019 at Ba3 (LGD
3)

Senior secured term loans due 2021 at Ba3 (LGD 3)

Senior unsecured notes due 2024 at B3 (LGD 6)

Speculative Grade Liquidity Rating at SGL-1

The outlook is stable.

RATINGS RATIONALE

Catalent's B1 rating is constrained by its relatively high
financial leverage and modest free cash flow. The rating is also
constrained by volatility inherent in the pharmaceutical contract
manufacturing industry. Lost revenue when customers' drugs become
generic, pricing pressure exerted by large clients, and high fixed
costs can create volatility in net profit and cash flows. The
rating is supported by Moody's expectation that Catalent will
benefit over the next 2-3 years as more drugs coming to market
require more complex dosage solutions. In addition, Moody's
acknowledges Catalent's push into more stable, albeit lower margin,
businesses such as consumer and animal health. The rating is also
supported by Catalent's good scale and leading market position in
the development and manufacturing of softgels and other oral drug
delivery technologies. The company also maintains a diversified
customer base and commands a large library of patents, know-how,
and other intellectual property that raise barriers to entry and
enhance margins. These factors help mitigate the volatility created
by the inherent industry challenges discussed.

The stable rating outlook reflects Moody's expectation that
leverage will show moderate improvement over the next 12-18 months
as previously soft businesses, such as modified release
technologies and pre-filled syringes, stabilize and begin to grow
again. In addition, Moody's expects new product lines, such as
animal health and biologics, to help Catalent's growth.

The Speculative Grade Liquidity Rating of SGL-1 reflects Moody's
expectation that Catalent's liquidity will remain very good over
the next 12 to 18 months. Catalent's liquidity will be supported by
free cash flow in excess of $150 million over the next year, a
strong cash balance ($288 million as of June 30, 2017), and $188
million of availability under its $200 million revolver.

The ratings could be upgraded if Catalent reduces financial
leverage such that its debt to EBITDA approaches 4.0 times.
Successful integration of acquisitions and organic growth that
results in increased scale and improved business line diversity,
including reduced concentration in softgels, would also support an
upgrade.

The ratings could be downgraded if Moody's expects Catalent's
financial leverage to be sustained above 5.5 times. The ratings
could also be downgraded if Catalent's earnings deteriorate or if
the company adopts a more aggressive acquisition strategy.

Catalent Pharma Solutions, Inc., based in Somerset, New Jersey, is
a leading provider of development solutions and advanced delivery
technologies for drugs, biologics and consumer health products.
These include the company's formulation, development and
manufacturing of softgels and other products for the prescription,
consumer, and animal health industries. The company reported
revenue of approximately $2.1 billion for the twelve months ended
June 30, 2017.

The principal methodology used in these ratings was Business and
Consumer Service Industry published October 2016.


CATHEDRAL HILL: Taps Larkin Hoffman as Legal Counsel
----------------------------------------------------
Cathedral Hill Hospitality Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Minnesota to hire legal
counsel in connection with its Chapter 11 case.

The Debtor proposes to employ Larkin Hoffman Daly & Lindgren Ltd.
to, among other things, give legal advice regarding its duties
under the Bankruptcy Code; negotiate with creditors; and assist in
the preparation of a bankruptcy plan.

Thomas Flynn, Esq., the attorney who will be handling the case,
will charge an hourly fee of $450.

The Debtor paid the firm a retainer in the amount of $15,000,
including the filing fee of $1,717.

Mr. Flynn disclosed in a court filing that he and his firm do not
hold or represent any interest adverse to the Debtor.

Larkin Hoffman can be reached through:

     Thomas J. Flynn, Esq.
     Larkin Hoffman Daly & Lindgren Ltd.
     8300 Norman Center Drive, Suite 1000
     Minneapolis, MN 55437-1060
     Phone: 952-835-3800 / 952-896-3362
     Fax: 952-896-3333
     Email: tflynn@larkinhoffman.com
     Email: info@larkinhoffman.com

             About Cathedral Hill Hospitality Inc.

Cathedral Hill Hospitality Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D. Minn. Case No. 17-32895) on
September 12, 2017.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of less than $500,000.

Judge William J. Fisher presides over the case.


CBL & ASSOCIATES: Fitch Affirms 'BB' Preferred Stock Rating
-----------------------------------------------------------
Fitch Ratings has affirmed the ratings of CBL & Associates
Properties, Inc. (NYSE: CBL) and its operating partnership, CBL &
Associates Limited Partnership at 'BBB-'. The Ratings Outlook has
been revised to Negative from Stable.  

KEY RATING DRIVERS

The Negative Outlook reflects Fitch's view that CBL has weaker
access to capital (secured and unsecured debt and equity) than most
other investment-grade REITs. However, Fitch views positively the
company's recent access to the unsecured bond market to further
unencumber the portfolio. Market sentiment across most capital
providers for 'B' malls has eroded given the challenges
ascertaining the long-term productivity and financeability of this
asset class.

The company also has relatively weak unencumbered asset coverage of
unsecured debt, particularly given that Tier 2 assets comprise
approximately 50% of the unencumbered pool. In addition,
property-level performance has been uneven, with declining
occupancies, relatively flat SSNOI growth and tenant sales per
square foot over the last several years, due primarily to in-line
tenant bankruptcies and a more challenging leasing environment.
Over the short term, Fitch believes that portfolio operating
metrics will be stable to down slightly, but long-term 'B' malls
fundamentals will likely decline.

These factors are balanced by Fitch's expectation of
investment-grade leverage and fixed-charge coverage (FCC) metrics.
Further, while 'B' malls are less financeable in the mortgage
market than most traditional real estate assets, they are
considerably more financeable than niche asset classes such as
casinos, data centers and hospitals.

PROPERTY-LEVEL FUNDAMENTALS UNEVEN

The company's operating performance has been affected by negative
retailer trends, in particular tenant bankruptcies and store
closures. For the 12-months ended June 30, 2017, the company's
stabilized mall same-center tenant sales per square foot was $373,
down from $382 a year earlier, year-over-year stabilized mall
occupancy declined approximately 100 basis points to 90.5% and mall
same-center NOI declined 1.7% for the six months ended June 30,
2017. Fitch expects some stabilization in operating metrics as the
company backfills vacant space; however, Fitch expects minimal
same-center NOI growth during the projection period.

EVOLVING ACCESS TO CAPITAL

Fitch views CBL's access to most forms of debt and equity capital
to be at the lower end of the investment-grade REIT spectrum and it
has weakened since the time Fitch initiated ratings. Mortgage
availability for 'B' malls is less plentiful and more
discriminating than in prior years and has weakened over the last
year. Similarly, Fitch views CBL's access to non-bank unsecured
debt capital as weak compared to investment-grade peers when
measured by bond issuance spreads, attributable to its asset class
and market sentiment around less-productive malls. CBL's ability
and willingness to issue unsecured debt in August 2017 was a credit
positive on the margin. However, the widening in spreads for CBL's
issuances juxtaposed against REIT spreads tightening may reflect
deteriorating capital markets access.

Liquidity is not a concern given manageable unsecured debt
maturities over the next few years; however, access to attractively
priced debt and equity capital is a key rating consideration for
REITs given distribution requirements.

CBL's common equity is trading at a 51% discount to consensus net
asset value, which is one of the largest discounts in Fitch's rated
universe (the REIT index is at a 1% discount). Fitch attributes the
discount to the wide bid-ask spread for 'B' malls generally, as the
market struggles to ascertain the long-term viability and value of
less productive malls. By extension, thinner investor demand for
'B' malls limits the extent to which CBL can raise equity through
asset sales.

ADEQUATE LEVERAGE AND COVERAGE

Fitch expects that leverage will migrate towards the mid-to-low
6.0x's, driven by (re)development NOI coming on line and asset
give-backs to lenders. Fitch expects minimal SSNOI growth over the
projection period. CBL's LTM leverage was in the mid-6.0x area at
June 30, 2017, relatively unchanged from Dec. 31, 2016 and 2015.
When treating 50% of CBL's preferred stock as debt, leverage would
be approximately 0.5x higher.

Fitch expects fixed-charge coverage to remain relatively unchanged
from the low 2.0x's for the trailing 12 months ended June 30, 2017.
This level is appropriate for the rating but weaker than most
investment grade REITs in the current rate environment.

LOW UNENCUMBERED ASSET COVERAGE OF UNSECURED DEBT

June 30, 2017 unencumbered asset coverage of unsecured debt was
1.7x when applying a stressed 9.0% capitalization rate to
unencumbered NOI. This ratio is low for the current rating, and is
driven in part by approximately 50% of the company's unencumbered
NOI being derived from Tier 2 malls whose tenants generate only
$327 sales per square foot. When giving credit only to Tier 1
unencumbered assets, coverage would be 0.6x. Secured debt financing
for less productive malls has become less plentiful, calling into
question the depth of contingent liquidity provided by the
company's unencumbered pool.

NEGATIVE RATING OUTLOOK

The Outlook revision to Negative principally reflects Fitch's
expectation that the company's access to several forms of capital
(common equity, unsecured and secured debt) will remain challenged,
below that of investment-grade peers and increasingly more
comparable to that of below-investment-grade REITs. Further, Fitch
expects property-level fundamentals will remain under pressure due
to a difficult retail environment, placing pressure on the
company's ability to grow cash flow. Fitch believes it is unlikely
there will be positive revision in investor sentiment and therefore
property liquidity and financeability will be challenged.
Regardless of investor perception, REITs' need for consistent
access to capital heightens the implications of investor sentiment
on such access. Moreover, while liquidity is adequate through the
rating horizon, Fitch believes negative retail headlines will
continue and 'B' mall sentiment is unlikely to improve.

DERIVATION SUMMARY

Relative to the broader mall REIT sector, CBL's levels of
occupancy, SSNOI growth, leasing spreads and tenant quality are
weaker than Simon Property Group (IDR of 'A') and similar to B-mall
peer Washington Prime (IDR of 'BBB-'). In addition, the company has
weaker access to capital, given its ~50% equity trading discount to
NAV and wide spreads at which its bonds trade relative to the
broader peer set. Further, secured lender sentiment for the B-mall
asset class has declined to a level that Fitch believes is below
that of many other retail commercial real estate asset classes. CBL
has higher leverage than Washington Prime, although Fitch expects
leverage for both to center in the low-to-mid 6.0x's range during
the projection period.

KEY ASSUMPTIONS

Fitch's key assumptions within the agency's rating case for the
issuer include:

-- Annual SSNOI growth of between 0% - 1.5% for 2017 - 2019;

-- Annual development/redevelopment spend of $175 to $250 million

    for 2017 - 2019. The weighted average initial yield on cost
    for projects coming online is approximately 8%;

-- Total non-core asset sales of approximately $575 million;

-- Lender give-backs of approximately $200 million;

-- Annual recurring capital expenditures of $120 million;

-- Total bond issuance of $900 million for 2017 - 2019.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Fitch Revising the Outlook to Stable at a 'BBB-' IDR

-- Improved capital markets sentiment regarding 'B' malls,
    specifically enhanced insurance company lending to the sector,

    bond issuance pricing closer to investment-grade peers, or a
    lower NAV discount for the company's common stock which may
    result in the company raising equity.

-- Fitch's expectation of leverage sustaining below 6.0x;

-- Fitch's expectation of fixed-charge coverage sustaining above
    2.5x.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

-- Should Fitch's opinion of CBL's access to debt and equity
    capital fail to improve from current levels;

-- Sustained deterioration in operating fundamentals or asset
    quality (e.g., sustained negative SSNOI results or negative
    leasing spreads);

-- Fitch's expectation of leverage sustaining above 7.0x
    (leverage before preferred stock was in the mid-6.0x's for the

    TTM ended June 30, 2017;

-- Fitch's expectation of fixed-charge coverage sustaining below
    1.8x (coverage for the TTM ended June 30, 2017 was in the low
    2.0x's);

-- Reduced financial flexibility stemming from significant
    utilization under lines of credit;

-- Failure to maintain unencumbered asset coverage of unsecured
    debt (based on a stressed 9% cap rate) around 2.0x (coverage
    was 1.7x as of June 30, 2017).

LIQUIDITY

CBL's base case liquidity coverage ratio of 1.4x through the end of
2019 is good for the rating and is driven primarily by limited
near-term debt maturities and good availability under the company's
unsecured line of credit. Fitch defines liquidity coverage as
sources of liquidity divided by uses of liquidity. Sources of
liquidity include unrestricted cash, availability under unsecured
revolving credit facilities, and projected retained cash flow from
operating activities after dividends. Uses of liquidity include
pro-rata debt maturities, expected recurring capital expenditures
and remaining development costs.

The company ended the June 30, 2017 quarter with $29.6 million of
cash and equivalents and has a $1.1 billion revolver availability
(comprised of three separate facilities) with aggregate outstanding
borrowings of $181.1 million. The revolvers mature in 2019/2020
with a company option to extend those maturing in 2019 to October
2020.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

CBL & Associates Properties, Inc.
-- Long-Term Issuer Default Rating (IDR) at 'BBB-'
-- Preferred stock at 'BB'.

CBL & Associates Limited Partnership
-- Long-Term IDR at 'BBB-'
-- Senior unsecured lines of credit at 'BBB-';
-- Senior unsecured term loans at 'BBB-';
-- Senior unsecured notes at 'BBB-'.

Fitch has revised the Rating Outlook to Negative from Stable.


CHARTER COMMUNICATIONS: Egan-Jones Gives BB+ Unsec. Debt Rating
---------------------------------------------------------------
Egan-Jones Ratings Company, on July 31, 2017, assigned BB+ senior
unsecured ratings on debt issued by Charter Communications
Inc./Old.

Charter Communications is an American cable telecommunications
company, which offers their services to consumers and businesses
under the branding of Charter Spectrum.


CHRISTOPHER BROGDON: Files for Chapter 11 After Muni Bonds Mess
---------------------------------------------------------------
On Sept. 15, 2017, Christopher Brogdon and his wife Connie Brogdon
filed a voluntary petition under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Ga. Case No. 17-66172) in Atlanta, Georgia.

Mr. Brogdon, who is doing business as Brogdon Family, LLC, Arcadia
Partners, LLC, GA Tenn Nursing, LLC, and Joroby Consulting, LLC, is
represented by:

         Theodore N. Stapleton
         Theodore N. Stapleton, P.C.
         2802 Paces Ferry Road, Suite 100-B
         Atlanta, GA 30339
         Tel: (678) 361-6211
         Fax : (404) 935-5344
         E-mail: tstaple@tstaple.com

The Peiffer Rosca Wolf Law Firm disclosed in a statement that Mr.
Brogdon is currently the target of an SEC action filed in November
2015.  According to the SEC, Mr. Brogdon put together a string of
municipal bond and private offerings over a period of years that
claimed to raise money for investments in nursing, assisted living,
and retirement facilities.  Instead of using investor proceeds from
the Brogdon bond offerings for the purposes for which they were
intended, Mr. Brogdon allegedly conducted a scheme whereby he
diverted a portion of the proceeds to either pay for his and his
wife's lavish lifestyles or to prop up the scheme.  Also, contrary
to the stated use of proceeds in the offering materials, Mr.
Brogdon allegedly commingled investor funds, and used the
commingled investor funds in part to make Ponzi-like payments to
investors in other Mr. Brogdon bond offerings.

Subsequently to being charged by the SEC, Mr. Brogdon agreed to a
Court-approved Plan to pay back investors.  The impact of the
Brogdon bankruptcy on that Plan is uncertain at this time.

The Peiffer Rosca Wolf and Goldman Scarlato & Penny law firms filed
a lawsuit in August 2016 to recover money lost by investors in
connection with investments in the municipal bond scheme offered
and sold by Christopher Brogdon.  The lawsuit was filed on behalf
of a class of investors in several Brogdon bonds, against the
trustee bank for the majority of the Brogdon bonds, those bonds'
underwriters, and the underwriters' principals.  The lawsuit seeks
to redress harm suffered by investors as a result of the trustee
and the underwriters' alleged misconduct, and it is currently
pending in the United States District Court for the District of New
Jersey.

According to Peiffer Rosca Wolf Law Firm, investors in municipal
bonds offered and sold by Christopher Brogdon may contact the firm
at http://www.brogdoninvestors.com/or contact the investor rights
lawyers at:

      Peiffer Rosca Wolf
      Alan Rosca
      James Booker
      E-mail: arosca@prwlegal.com
              jbooker@prwlegal.com
      Tel: 888-998-0520
           216-589-9280

            - or -

      Goldman Scarlato & Penny
      Paul Scarlato
      E-mail: scarlato@lawgsp.com
      Phone: 888-872-6975
             484-342-0700


CIBER INC: Amends Liquidation Plan, Hearing Set for Nov. 15
-----------------------------------------------------------
BankruptcyData.com reported that Ciber Inc. filed with the U.S.
Bankruptcy Court an Amended Chapter 11 Plan of Liquidation and
related Disclosure Statement. According to the Disclosure
Statement, "The Plan provides that, except to the extent that a
Holder of an Allowed Claim in Class 3 agrees to a less favorable
treatment of its Allowed Claim, in full and final satisfaction,
settlement, and release of and in exchange for each Allowed Claim
in Class 3, each such Holder shall receive its Pro Rata share of
Cash in the General Unsecured Claims Reserve. However, each Holder
of an Allowed Class 3 Claim that votes to accept the Plan may make
the Class 3 Cash-Out Election on such Holder's Class 3 Ballot or
upon allowance of such Class 3 Claim. A Holder of an Allowed Class
3 Claim that makes the Class 3 Cash-Out Election will receive Cash
in an amount equal to 35% of such Holder's Allowed Class 3 Claim on
the Effective Date or as soon as reasonable practicable thereafter.
As indicated in Article I.C hereof, it is estimated that Holders of
Allowed Class 3 Claims will receive a recovery of between 37% and
100% of the face amount of their Allowed Claims. Although Holders
of Allowed Claims in Class 3 that make the Class 3 Cash-Out
Election will receive a lower recovery, they will receive their
distributions before other Holders of Allowed Claims in Class 3.
The Class 3 Cash-Out Election will also serve as a benefit to the
Debtors' Estates, because it will result in additional Cash being
available for distribution on account of: (a) Allowed Class 3
Claims for which a Class 3 Cash-Out Election is not made; and (b)
Allowed Interests in Class 4 (to the extent that there is a
recovery for Class 4)."

The Court scheduled a November 15, 2017 hearing to consider the
Plan, with objections due by November 1, 2017, according to the
BankruptcyData.com.

                       About CIBER Inc.
                          
CIBER, Inc. -- http://www.ciber.com/-- is a global information
technology consulting, services and outsourcing company.  

CIBER, Inc., and two other affiliates sought bankruptcy protection
on April 9, 2017 (Bankr. D. Del. Lead Case No. 17-10772).  The
petition was signed by Christian Mezger, chief financial officer.

The Debtors disclosed total assets of $334.2 million and total
liabilities of $171.9 million as of Sept. 30, 2016.

The Hon. Brendan Linehan Shannon presides over the case.  

Morrison & Foerster LLP is the Debtors' lead bankruptcy counsel.
Polsinelli, PC, serves as co-counsel while Saul Ewing LLP serves as
local counsel.  The Debtors also hired Houlihan Lokey as investment
banker and financial advisor; Alvarez & Marsal North America, LLC,
as restructuring advisor; and Prime Clerk LLC as noticing and
claims agent.

An official committee of unsecured creditors has been appointed in
the Chapter 11 case.  The committee hired Perkins Coie, LLP, as
bankruptcy counsel; Shaw Fishman Glantz & Towbin LLC as co-counsel;
and BDO Consulting as financial advisor.


COOK INLET: Former Chair Awarded $15K in Administrative Expense
---------------------------------------------------------------
Scott M. Boruff has filed an Application for Administrative Expense
Claim in which he seeks to recover the sum of $252,657.53,
representing the prorated portion of his contractual salary as
executive chairman for Miller Energy Resources, Inc., for the
four-month period between the filing of MER's chapter 11 petition
and plan confirmation.

Having considered the testimony of the witnesses and the
documentary evidence presented at the evidentiary hearing held May
17, 2017, Judge Gary Spraker of the U.S. Bankruptcy Court for the
District of Alaska awards Boruff the sum of $15,000 as an
administrative expense. The court finds that Boruff has not proven
the reasonable value of his post-petition services in excess of
what other directors on the MER board were paid for their
post-petition services.

Boruff has established that he is due $252,657.53 under his
employment contract with MER for four post-petition months' salary
that remains unpaid. MER does not deny the salary is owed to Boruff
but contends that because it rejected Boruff's employment contract
the post-petition salary is part of his general, unsecured claim
entitled to pro-rata distribution with the other allowed unsecured
claims. Boruff argues that his post-petition salary is entitled to
priority as an administrative expense which must be paid in full
under the confirmed plan.

Boruff calculated his claim by simply prorating his contractual
annual salary rate of $795,000 from the date the petition was filed
to the date of plan confirmation, a period of roughly four months.
The court finds that MER has rebutted any presumption that the
contract establishes the reasonable value of Boruff's post-petition
services. Boruff has failed to establish that the services he
provided post-petition had a reasonable value of $252,657.53. His
efforts to find potential buyers for MER's assets were ill-defined,
not productive, and duplicated those of SGS, who had been retained
by MER to perform the same function but on a much broader scale.
Thus, Boruff will only be awarded an administrative expense claim
of $15,000 for his post-petition services as a member of MER's
board of directors and its Restructuring Committee.

The bankruptcy case is In re: COOK INLET ENERGY, LLC, et. al.,
Chapter 11, Debtors, Case No. A15-00236-GS (Bankr. D. Alaska).

A full-text copy of Judge Spraker's Memorandum dated Sept. 13,
2017, is available at https://is.gd/eFqoyu from Leagle.com.

Cook Inlet Energy LLC, Debtor, represented by David H. Bundy, David
H. Bundy, PC, Timothy A. Davidson, II –
taddavidson@andrewskurth.com -- Andrews Kurth LLP, Ashley L. Harper
– ashleyharper@andewskurth.com -- Andrews Kurth Kenyon LLP,
Patrick Hunnius, DLA Piper LLP, Michael Jungreis --
michaeljungreis@dwt.com -- Reeves Amodio, LLC Jonathan W. Katchen
– jwkatchen@hollandhart.com -- Holland & Hart LLP, Kyle W. Parker
– kwparker@hollandhart.com -- CROWELL & MORING LLP, Joseph P.
Rovira – josephrovira@andrewskurth.com -- Andrews Kurth LLP,
David A. Zdunkewicz – davidzdunkewicz@andrewskurth.com -- Andrews
Kurth LLP.

Baker Hughes Oilfield Operations, Inc., Petitioning Creditor,
represented by Erik LeRoy, Steven J. Shamburek, Law Office of
Steven J. Shamburek -- shambureklaw@gci.net -- William Sudela --
wsudela@cjmlaw.com -- Crady, Jewett & McCulley, LLP.

National Oilwell Varco, L.P., Petitioning Creditor, represented by
Kari B. Coniglio -- kbconiglio@vorys.com -- Vorys, Sater, Seymour
and Pease LLP, Thomas H. Grace -- thgrace@vorys.com -- Vorys,
Sater, Seymour and Pease LLP, John J. Sparacino  --
jjsparacino@vorys.com -- Vorys, Sater, Seymour and Pease LLP.

Office of the U.S. Trustee, U.S. Trustee, represented by Kathryn
Perkins -- kathryn.e.perkins@usdoj.gov -- DOJ-Ust.

               About Miller Energy Resources

Miller Energy Resources, Inc. --
http://www.millerenergyresources.com/-- is an oil and natural gas
production company focused on Alaska.  The Company has a
substantial acreage, reserve, and resource position in the State,
significant midstream and rig infrastructure to support production,
and 100% working interest in and operatorship of most of its
assets.

Miller Energy Resources and 10 of its affiliates filed Chapter 11
bankruptcy petitions (Bank. D. Alaska Lead Case No.  15-00236) on
Oct. 1, 2015.  Carl F. Giesler, Jr., the CEO, signed the petitions.
Judge Gary Spraker is assigned to the cases.

The Debtors disclosed total assets of $392,559,000 and total debts
of $336,910,000 as of Jan. 31, 2015.

The Debtors have engaged Andrews Kurth LLP as counsel, David H.
Bundy P.C., as local counsel, Seaport Global Securities as
financial advisor, and Prime Clerk as claims and noticing agent.

On Aug. 6, 2015, Cook Inlet, a wholly-owned by MER, became the
subject of an involuntary Chapter 11 case filed by four creditors
asserting to have an aggregate claim of $2.8 million.  The
petitioning creditors were Baker Hughes Oilfield, M-I LLC,
Schlumberger Tech. Corp, and Baker Petrolite, LLC.  Judge Spraker
granted an order for relief under Chapter 11 of the Bankruptcy Code
on Oct. 2, 2015.

On Oct. 16, 2015, the U.S. Trustee formed an official committee of
unsecured creditors.  The Committee tapped Snow Spence Green LLP as
counsel and Erik LeRoy, P.C, as local counsel.  The members of the
Committee are: (i) Cruz Construction Inc. (ii) Baker Hughes
Oilfield Operations, Inc. (iii) Cudd Pressure Control, Inc. (iv)
Exxon Mobil Corporation; (v) Inlet Drilling Alaska, Inc. (vi)
National Oilwell Varco LP and (vii) Schlumberger Technology
Corporation.

On Oct. 30, 2015, each of the Debtors filed its Statement of
Financial Affairs and Schedules of Assets and Liabilities, subject
to permitted amendments from time to time.  Cook Inlet disclosed
$180 million in assets and $212 million in liabilities in its
schedules.


CORE COMMUNICATIONS: Plan Filing Period Extended Until Nov. 28
--------------------------------------------------------------
The Hon. S. Martin Teel, Jr. of the U.S. Bankruptcy Court for the
District of Columbia extended the exclusive periods for Core
Communications Inc. to file and solicit acceptances for a Chapter
11 plan to November 28, 2017, and January 29, 2018, respectively.

The Troubled Company Reporter has previously reported that the
Debtor sought a 90-days extension of the exclusive periods,
explaining that it just recently filed its second monthly operating
report, which reflected positive cash flow for June.  The Debtor
told the Court that the Debtor expects its future months to reflect
positive cash flow with which it could fund a plan of
reorganization.

However, before filing its plan of reorganization along with cash
flow projections, the Debtor said it still needs to see the results
of operations for a few more months, both in terms of the increase
in the OSA business and the impact of the continuing ICC transition
to bill-and-keep.  

The Debtor further said it has diligently acted to rid itself of
burdensome contracts and leases, and complied with its
administrative duties -- not only by filing monthly operating
reports -- but also by providing information to the Office of the
U.S. Trustee.  In addition, the Debtor has responded to numerous
requests for information from the Office of the U.S. Trustee by
providing documents and explanatory information throughout the
case.

                  About Core Communications

Core Communications -- http://www.coretel.net-- provides Carriers,
ISPs and ASPs with tailored telecommunications services, leveraging
voice and data convergence.

Core Communications Inc., based in Annapolis, Maryland, filed a
Chapter 11 petition (Bankr. D.D.C. Case No. 17-00258) on May 2,
2017.  The Hon. S. Martin Teel, Jr. presides over the case.
Gregory P. Johnson, Esq., at Offit Kurman, P.A., serves as
bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities.  The petition was signed
by Christopher Van de Verg, general counsel.


COTT CORP: Egan-Jones Hikes Sr. Unsecured Debt Ratings to B+
------------------------------------------------------------
Egan-Jones Ratings Company, on July 25, 2017, raised the senior
unsecured ratings on debt issued by Cott Corp. to B+ from B.

The Cott Corporation is a supplier of private label carbonated soft
drinks distributing to Canada, the United States, Mexico, the
United Kingdom, and Europe.


COUER MINING: Egan-Jones Hikes Sr. Unsec. Debt Ratings to BB-
-------------------------------------------------------------
Egan-Jones Ratings Company, on July 18, 2017, raised the senior
unsecured ratings on debt issued by Coeur Mining Inc. to BB- from
B+.

Coeur Mining, Inc. is a gold and silver producer.



CROSSROADS SYSTEMS: Court Approves Disclosures & Confirms Plan
--------------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Crossroads Systems' Disclosure Statement and concurrently issued an
order confirming its Plan of Reorganization, with technical
modifications. According to documents filed with the Court, "The
Prepackaged Plan effectuates the terms of an agreement with
210/CRDS Investment ('210'), that will (i) provide the Debtor with
an equity investment of $4 million and additional financing of $10
million which will allow the Debtor to monetize its patents, make
profitable acquisitions, run the Debtor's business and fund
necessary capital expenditures all to maximize shareholder return;
(ii) retire all issued and outstanding preferred stock; (iii) pay
all Administrative, Secured, Priority, General Unsecured, and
Subordinated Claims in full; and (iv) allow common shareholders to
retain their Interests.  Subject to the terms and conditions of the
Plan and related restructuring support agreement with 210/CRDS
Investment, 210/CRDS Investment will invest $4 million cash in
Crossroads Systems in exchange for shares of the reorganized
company's common stock representing approximately 49.49% of the
common stock of the reorganized company.  The Plan provides for the
payment of all creditor claims in full, for holders of Preferred
Shares to receive their pro rata share of $2,672,233.78 in cash
plus 8% of the common stock of the reorganized company, and for
holders of common stock to exchange their existing shares of common
stock for an equivalent number of new shares of the common stock of
the reorganized company, which shares would constitute
approximately 42.51% of the outstanding share of the common stock
of the reorganized company." The Debtors also filed a notice of
amendments to the Plan Supplement filed on September 11, 2017.

                   About Crossroads Systems

Crossroads Systems, Inc., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tex. Case No. 17-51926) on Aug. 13,
2017.  Jennifer Crane, chief financial officer, signed the
petition.

At the time of the filing, the Debtor estimated assets of less than
$500,000 and liabilities of less than $50,000.

Judge Ronald B. King presides over the case.  

Eric Terry Law, PLLC, serves as bankruptcy counsel to the Debtor.


CRR INC: Court Denies Approval of Plan Outline
----------------------------------------------
For reasons stated at the hearing, Hon. Thomas J. Catliota of the
U.S. Bankruptcy Court for the District of Maryland has denied
approval of CRR, INC.'s disclosure statement referring to the
Debtor's plan of reorganization.

Headquartered in Silver Spring, Maryland, CRR, INC., a Maryland
Corporation filed for Chapter 11 bankruptcy protection (Bankr. D.
Md. Case No. 17-12433) on Feb. 23, 2017, estimating its assets at
between $100,001 and $500,000 and its liabilities at between
$500,001 and $1 million.  Richard Whalen Lawlor, Esq., at Richard
W. Lawlor, P.A., serves as the Debtor's bankruptcy counsel.

The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of CRR, INC.




CUSTOM FABRICATION & TANKS: Chapter 727 Bar Date Set for Jan. 5
---------------------------------------------------------------
Custom Fabrication & Tanks, LLC on Sept. 7, 2017, filed a petition
commencing an Assignment for the Benefit of Creditors proceeding,
pursuant to Chapter 727, Florida Statutes, to Mark C. Healy of
Michael Moecker & Associates, Inc., as the Assignee.

Custom Fabrication has its principal place of business at 569
Edgewood Avenue, South, Jacksonville, Florida 32205.

Pursuant to Section 727.105, Florida Statutes, no proceeding may be
commenced against the Assignee except as provided in Chapter 727
and except in the case of a secured creditor enforcing its rights
and collateral under Chapter 679, there shall be no levy,
execution, attachment, or the like in the respect of any judgment
against assets of the estate, other than real property, in the
possession, custody, or control of the Assignee.

To receive any dividend in this proceeding, parties-in-interest
must file a proof of claim on or before January 5, 2018, with the
Assignee:

     Mark C. Healy
     Michael Moecker & Associates
     1883 Marina Mile Boulevard, Suite 106
     Fort Lauderdale, FL 33315

The Chapter 727 proceeding is, CUSTOM FABRICATION & TANKS, LLC,
Assignor, v. MARK HEALY, Assignee, Case No. 16-2017-CA-005711,
pending in the Circuit Court, Fourth Judicial Circuit, Duval
County, Florida.


CVR REFINING: Egan-Jones Downgrades Sr. Unsecured Ratings to BB+
----------------------------------------------------------------
Egan-Jones Ratings Company, on July 17, 2017, lowered the senior
unsecured ratings on debt issued by CVR Refining LP to BB+ from
BBB-.

CVR Refining LP is an independent downstream energy limited
partnership with refining and related logistics assets that
operates in the mid-continent region. The Company is a petroleum
refiner that owns refineries in the Group 3 of the PADD II region
of the United States.


DEKALB MEDICAL CENTER: Fitch Cuts 2010 Revenue Certs Rating to BB
-----------------------------------------------------------------
Fitch Ratings has downgraded the following bonds issued by the
DeKalb County Hospital Authority (GA) on behalf of DeKalb Medical
Center (DeKalb) to 'BB' from 'BBB-'. The ratings have been removed
from Rating Watch Negative.

-- $177.6 million revenue anticipation certificates, series 2010.

The Rating Outlook is Negative.

SECURITY

The bonds are secured by a gross revenue pledge, a leasehold
mortgage, and a fully-funded debt service reserve.

KEY RATING DRIVERS

DETERIORATING FINANCIAL PROFILE: The downgrade to 'BB' from 'BBB-'
is driven by DeKalb's fifth consecutive year of operating EBITDA
margin below 3% (average margin is below 2.5% for this period). The
low cash flow generated covered debt at just above the 1.1x
covenant for the obligated group in fiscal 2016 and 2017, and has
proven insufficient to maintain cash balances even with the medical
center's deferment of strategic capital projects in recent years.

DECLINING CASH: The downgrade also reflects the decline of
unrestricted cash and investments in fiscal 2017 from $162.8
million and 127 days cash on hand (DCOH) to less than 100 DCOH in
fiscal 2017. DeKalb has not yet released its fiscal 2017 audit
although it is expected to be released within the 120-day required
disclosure period.

CHALLENGING MARKET AND PAYOR MIX: Atlanta is a highly competitive
healthcare market that has seen some recent consolidation. The
presence of other large providers in Atlanta limits DeKalb's reach
to a narrower primary service area. DeKalb is further challenged by
decreasing market share and a payor mix that derives 17% of its
gross revenue from Medicaid and approximately 10% from self-pay.

REVENUE CYCLE and LABOR COSTS PRESSURE MARGINS: Fiscal 2015 (fiscal
year ends in June) and fiscal 2016 were both affected by negative
adjustments from systemic and mathematical errors found in the
valuation of its patient accounts receivable. Although management
has made several changes to process, operations, staff and
leadership, residual problems continue to affect DeKalb's revenue
cycle efficiency. DeKalb's financial results have also been
negatively affected by the high costs related to agency nurses and
contract labor, which was a high $16.6 million in fiscal 2017.

RATING SENSITIVITIES

OPERATING PERFORMANCE STABILIZATION: Additional rating pressure is
possible if DeKalb Medical Center does not reverse its current
trend of negative profitability. Continued weak operating EBITDA,
further liquidity decline or a covenant breach may trigger further
rating downgrades. Fitch believes positive rating momentum is not
likely in the near term, although that may change in the long-term
if DeKalb is successful in merging or aligning with a larger
strategic partner; a search that it began earlier in 2017.


DELL TECHNOLOGIES: Fitch Corrects September 19 Release
------------------------------------------------------
Fitch Ratings issued a correction of a release on Dell Technologies
published on Sept. 19, 2017. It corrects the proposed margin
reduction of the credit facility repricing to 50-bp from 25-bp and
gross debt repaid since the EMC Corp. (EMC) merger close to $9.5
billion from $9 billion.

The revised release is as follows:

Fitch Ratings believes the ratings for Dell Technologies Inc.,
including the 'BB+' Long-Term Issuer Default Rating (IDR) and
Stable Outlook, will be unaffected by the company's repricing of
certain of its outstanding term loans and revolving credit facility
(RCF). Dell is proposing a 50-bp margin reduction on up to $3.78
billion of replacement Term Loan A-2 due Sept. 7, 2021, $1.80
billion of replacement Term Loan A-3 due Dec. 31, 2018, and $3.15
billion of replacement RCF expiring Sept. 7, 2021. This should
result in more than $25 million of annual interest expense savings.
All other terms and conditions of the replacement loans are
unchanged.

Fitch currently rates $53 billion of total debt, including the
undrawn $3.15 billion RCF, Dell's share of VMware Inc.'s (VMware)
recent $4 billion senior notes offering net of the repayment of
$1.23 billion of inter-company debt, and Dell's repayment of the
$1.5 billion bridge loan associated with the VMware inter-company
loan.

The ratings and Stable Outlook reflect:

FCF Debt Reduction Priority: Fitch expects Dell will continue to
prioritize debt reduction (other than debt related to the financing
business and VMware) and the company has repaid roughly $9.5
billion of gross debt since closing the EMC Corp. acquisition a
year ago. VMware's $4 billion senior notes issuance on Aug. 14,
2017 was modestly leveraging for Dell on a consolidated basis,
although Dell used proceeds from VMware's repayment of $1.23
billion of legacy inter-company notes, along with cash on hand, to
prepay the associated $1.5 billion mirror bridge loan. Dell has
more than $3 billion of legacy senior notes due in the first half
of fiscal 2019 and, in conjunction with term loan amortization and
prepayments with FCF or net proceeds from incremental asset sales,
core leverage (total debt/operating EBITDA, excluding debt and
profitability related to Dell Financial Services) should approach
4x exiting fiscal 2018 and 3.5x exiting fiscal 2019.

Share-Gains Driven Revenue Growth: Fitch expects low-single-digit
overall intermediate-term revenue growth, driven in large part by
continued share gains amidst challenging demand environments and
revenue synergies from the EMC acquisition. Fitch expects strong
operating performance in the Client Solutions Group (CSG) segment
from continued unit and revenue share consolidation by the top 3
personal computer (PC) providers, as well as higher peripherals and
service attach rates. While worldwide PC industry units grew
year-over-year in the first calendar quarter of 2017 for the first
time since 2012, Fitch still expects low-single-digit unit declines
for all of 2017. Fitch also expects Dell to gain share in
enterprise servers given the company's recent new product-set
launch, despite tepid enterprise spending as customer focus IT
investments on software-defined, hyper-converged and hybrid cloud.

Mixed ISG Performance: Despite solid performance in
industry-standard servers, Fitch expects overall performance from
Dell's Infrastructure Solutions Group (ISG) will remain mixed from
uneven buying patterns by large cloud server providers (CSP) and
negative revenue trends in mid-range legacy storage technologies
more than offsetting robust adoption of new storage solutions.
Fitch expects CSPs white-boxing hardware will also remain a
headwind in ISG. Rapid growth in all flash arrays (AFA),
hyper-converged, and software-defined solutions are more than half
of Dell's storage business but remain insufficient to offset
negative demand trends for traditional and hybrid solutions over at
least the near term, despite Dell's efforts to increase sales
capacity for mid-range storage solutions and strengthen the
company's storage positions in fiscal 2018.

Hybrid Cloud Drives VMware: VMware should continue its strong
operating performance, driven by robust adoption of the company's
networking, hybrid cloud and software-as-a-service (SaaS)
offerings. Fitch expects VMware will grow by mid- to high-single
digits overall and double digits in hybrid and SaaS, leveraging the
company's large and diversified installed base of virtualization
and management customers. VMware's $1 billion of cross-selling
opportunities with Dell in the current fiscal (increasing over
time), given historically low penetration rates, should also boost
organic revenue. Solid operating EBITDA growth at VMware should
benefit Dell's credit protection measures, given Fitch credits Dell
with 81.4% of VMware's operating results. However, Fitch's rating
case does not assume dividends or incremental inter-company loans
to Dell, although Fitch believes the absence of restrictions on
restricted payments and inter-company loans in VMware's senior
unsecured notes indenture provides Dell with mechanisms to access
VMware's cash. At the same time, Fitch recognizes the leakage
resulting from dividends on the VMware Class A common stock may
reduce its likelihood.

Profit Expansion Headwinds: Fitch expects operating EBITDA growth
and margin expansion from Dell's $2 billion of acquisition-related
annual cost synergies, which Dell should achieve on a run rate
basis in fiscal 2018. However, elevated NAND and DRAM prices due to
supply shortages will be at least a near-term headwind.
Infrastructure Solutions Group segment margins were down 60bps
year-over-year in the first fiscal quarter ended Feb. 3, 2017 due
to higher commodity prices, which Fitch expects to crimp margin
expansion in fiscal 2018 due to challenges raising prices. As a
result, Fitch now expects operating EBITDA at just over $10 billion
for fiscal 2018 and more than $11 billion for fiscal 2019, versus
prior expectations for operating EBITDA approaching $12 billion in
fiscal 2019. Operating EBITDA margins expand slightly in fiscal
2018 but exceed 13% beyond the near term.

Fitch believes Dell's liquidity was adequate as of Aug. 4, 2017,
and consisted of:

-- $11.2 billion of cash, cash equivalents and short-term
    investments, the majority of which was
    offshore and $3.6 billion of which was attributable to VMware
    (prior to the senior notes issuance).

-- $3.1 billion of availability under the $3.2 billion RCF
    expiring 2021.

Fitch's expectations for $4 billion of normalized FCF also supports
liquidity, as does Dell's moderate to strong parent-subsidiary
linkage with VMware, which provide contingent liquidity.


DOLPHIN ENTERTAINMENT: Effects Reverse Common Stock Split
---------------------------------------------------------
Dolphin Entertainment, Inc., filed with the Florida Department of
State Articles of Amendment to the Company's Amended and Restated
Articles of Incorporation to effectuate a reverse stock split of
the Company's issued and outstanding common stock, par value $0.015
per share, on a two old for one new basis, providing that the
Reverse Stock Split would become effective under Florida law on
Sept. 14, 2017.  Immediately after the Reverse Stock Split the
number of authorized shares of Common Stock was reduced from
400,000,000 shares to 200,000,000.  As a result, each shareholder's
percentage ownership interest in the Company and proportional
voting power remained unchanged.  Any fractional shares resulting
from the Reverse Stock Split were rounded up to the nearest whole
share of Common Stock.

Shareholder approval of the Reverse Stock Split was not required
under Florida law, as the rights or preferences of the Company's
shareholders were not adversely affected and the percentage of
authorized shares remaining unissued after the Reverse Stock Split
remained unchanged.

                   About Dolphin Entertainment

Headquartered in Coral Gables, Florida, Dolphin Entertainment,
Inc., formerly Dolphin Digital Media, Inc., is a producer of
digital programming for online consumption and is committed to
delivering premium, best-in-class entertainment and securing
premiere distribution partners to maximize audience reach and
commercial advertising potential.  On March 7, 2016, the Company
completed its merger with Dolphin Films, Inc., an entity under
common control.  Dolphin Films, Inc. is a motion picture studio
focused on storytelling on a global scale for young,
always-connected audiences.  On March 30, 2017, the Company
acquired 42West, LLC, a Delaware limited liability company.  42West
is an entertainment public relations agency offering talent
publicity, strategic communications and entertainment content
marketing.  Dolphin also currently operates online kids clubs,
however it intends to discontinue the online kids clubs at the end
of 2017 to dedicate its time and resources to the entertainment
publicity business and the production of feature films and digital
content.

The Company has a net loss of $1,558,185 for the three months ended
June 30, 2017 and net income of $3,402,623 for the six months ended
June 30, 2017.  Although the Company had net income for the six
months ended June 30, 2017, it was primarily due to a change in the
fair value of the warrant liability.  Furthermore, the Company has
recorded accumulated deficit of $96,409,581 as of June 30, 2017.
The Company has a working capital deficit of $18,481,195 and
therefore does not have adequate capital to fund its obligations as
they come due or to maintain or develop its operations.  The
Company is dependent upon funds from private investors and support
of certain stockholders.  If the Company is unable to obtain
funding from these sources within the next 12 months, it could be
forced to liquidate, according to the Form 10-Q report for the
period ended June 30, 2017.

Dolphin Digital reported a net loss of $37.19 million for the year
ended Dec. 31, 2016, following a net loss of $8.83 million for the
year ended Dec. 31, 2015.  

As of June 30, 2017, Dolphin Digital had $35.54 million in total
assets, $38.56 million in total liabilities and a total
stockholders' deficit of $3.02 million.

BDO USA, LLP issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016.
The Company, according to BDO USA, has suffered recurring losses
from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


DR. LUIS A. VINAS: Files Renewed 5th Cash Collateral Motion
-----------------------------------------------------------
Dr. Luis A. Vinas, MD PA, filed a renewed fifth motion with the
U.S. Bankruptcy Court for the Southern District of Florida seeking
for authority to use the cash generated from its operations in
order to continue the its business and preserve the value of the
estate from Aug. 31, 2017 through Sept. 30, 2017.

The proposed Budget reflects total estimated expenses of $114,985
covering the month of September 2017.  The Debtor has $20,000 of
expenses that must be made during the week of Sept. 4 to 9, 2017.
This includes rent, insurance and utility payments.  Thus, the
Court has previously scheduled a hearing on this Motion for Sept.
6, 2017.  However, due to the Debtor's untimely filing of a
certificate of service, the Court denied the Motion without
prejudice.  Accordingly, the Debtor files this renewed motion.

The Debtor believes that Bank United, N.A. may claim an interest in
cash collateral, which the Debtor owes an outstanding amount of
approximately $709,747.

As adequate protection for the use of the cash collateral, the
Debtor will, with the Court's permission, grant Bank United a
continuing lien on cash and other receivables.  In addition, by
remaining a going concern, the Debtor anticipates collecting its
existing accounts receivable and will be a benefit to the other
creditors of the Debtor's estate.  Finally, the Debtor claims that
it will be able maintain operations and therefore generate new and
future receivables all of which will provide adequate protection
for the use of its cash collateral.

A full-text copy of the Debtor's Motion, dated Sept. 5, 2017, is
available at https://is.gd/PuNwTF

A copy of the Debtor's Budget is available at https://is.gd/hIkKDn


                 About Dr. Luis A. Vinas, MD PA

Dr. Luis A. Vinas, MD PA, is engaged in the health care business
and is 100% owned by Dr. Luis A. Vinas.  Dr. Vinas is Board
Certified by The American Board of Plastic Surgery.  For over two
decades, Dr. Vinas has been nationally recognized for his surgical
techniques and minimally invasive surgical procedures.  Dr. Vinas
is a plastic surgeon specializing in cosmetic and reconstructive
surgery including facelifts, tummy tucks, breast augmentation,
single-stage breast reconstruction, liposuction, body contouring,
and anti-aging procedures.

Dr. Luis A. Vinas, MD PA, filed a Chapter 11 petition (Bankr. S.D.
Fla. Case No. 17-14765) on April 17, 2017.  Luis A Vinas, MD,
president and 100% owner, signed the petition.  The Debtor
estimated assets of at least $50,000 and liabilities ranging from
$1 million to $10 million.  

The case is assigned to Judge Paul G. Hyman, Jr.  

The Debtor engaged Nicholas B. Bangos, Esq., at Nicholas B. Bangos,
P.A., as bankruptcy counsel.  The Debtor tapped William G.
Shofstall, PA, as special counsel.


EAST WEST COPOLYMER: Hearing on Plan Outline Approval on Oct. 11
----------------------------------------------------------------
The Hon. Douglas D. Dodd of the U.S. Bankruptcy Court for the
Middle District of Louisiana has scheduled for Oct. 11, 2017, at
11:00 a.m. the hearing to consider the adequacy of East West
Copolymer LLC's disclosure statement referring to the Debtor's plan
of reorganization.

Objections to the Disclosure Statement must be filed no later than
eight days before the hearing.

The Debtor and the Official Committee of Unsecured Creditors filed
the Disclosure Statement on Sept. 6, 2017.

Holders of Class 4 General Unsecured Claims will receive one or
more distributions in accordance with Section 6.3 of the Plan.
This class is impaired.

Funds needed to make cash payments on the Effective Date under this
Plan will come from trust assets.

From and after the Effective Date, the Debtor will continue in
existence solely for the purposes consistent with the terms of the
Plan, which include, inter alia: (1) transferring property to
liquidating trust; (2) liquidating trust assets; (3) enforcing and
prosecuting claims, rights, interests and privileges of Liquidating
Trust, including causes of action; (4) filing appropriate tax
returns; and (5) assisting in the administration of the Plan and
taking actions as are necessary to effectuate the Plan.
Liquidating Trustee will serve as the representative of Debtor
until the entry of a final decree in the case.

Upon the Effective Date, Liquidating Trustee will enter into a
Trust Agreement, which will assign ownership of property of the
estate, inclusive of all tangible and intangible property, movable
or immovable and causes of action to the Liquidating Trust, except
Property which constitutes collateral upon which the MS Liens
attach, unless Main Street and the Liquidating Trust reach an
agreement authorizing the Liquidating Trust to liquidate the
Property, on behalf of and for the benefit of Main Street.

Dwayne M. Murray will thereafter be Liquidating Trustee, and
trustee of Liquidating Trust, who will exercise control over
Liquidating Trust in accordance with Trust Agreement.  Upon
completion of all of the duties of Liquidating Trustee, his
discharge, and the closing of the case, any balance of Trustee's
Reserved Amount will be transferred to Liquidating Trust.

The Liquidating Trustee will be entitled to a commission for
services in an amount equal to the greater of (a) 3% of all cash
distributions from the Trust or (b) $30,000.

A full-text copy of the Disclosure Statement is available at:

          http://bankrupt.com/misc/lamb17-10327-274.pdf

                  About East West Copolymer LLC

East West Copolymer, LLC, filed a Chapter 11 bankruptcy petition
Bankr. M.D. La. Case No. 17-10327) on April 7, 2017.  In its
petition, the Debtor estimated $1 million to $10 million in assets
and $10 million to $50 million in liabilities.  The petition was
signed by Gregory Nelson, manager.

Stewart Robbins & Brown, LLC represents the Debtor as counsel.  The
Debtor hired Shared Management Resources, Ltd., as chief
restructuring officer; Balmoral Advisors, LLC, as investment
banker; and Alluvion Community Capital, LLC, as agent to secure
reimbursement for overpayment of utilities.

On May 4, 2017, the Office of the U.S. Trustee appointed three
members to an official committee of unsecured creditors.  The U.S.
Trustee on June 23 appointed two more creditors to serve on the
creditors' committee.  The committee hired Taylor, Porter, Brooks &
Phillips LLP as bankruptcy counsel.  


EMBASSY ENTERTAINMENT: Chapter 727 Claims Bar Date Set for Dec. 20
------------------------------------------------------------------
Embassy Entertainment LLC filed on Aug. 22, 2017, a petition
commencing an Assignment for the Benefit of Creditors proceeding,
pursuant to Chapter 727, Florida Statutes, to Kenneth A. Welt.

Pursuant to Florida Statute 727.105, no proceeding may be commenced
against the Assignee except as provided in Chapter 727 and except
in the case of a consensual lienholder enforcing its rights in
personal property or real property collateral, there shall be no
levy, execution, attachment, or the like in the respect of any
judgment against assets of the estate, other than real property, in
the possession, custody or control of the Assignee.

To receive any dividend in this proceeding, parties-in-interest
must file a proof of claim on or before Dec. 20, 2017, with the
Assignee:

Embassy, as Assignor, has its principal place of business at 600
Village Blvd., West Palm Beach, FL 33409, Florida.

The Chapter 727 proceeding is, ASSIGNMENT FOR THE BENEFIT OF
CREDITORS OF EMBASSY ENTERTAINMENT, LLC, a Florida limited
liability company, Assignor To: KENNETH A. WELT, an individual,
Assignee, Case No. 50-2017-CA-009487-XXXX-MB, in the Circuit Court
of the 15th Judicial Circuit in and for Palm Beach County,
Florida.

The Assignee may be reached at:

     KENNETH A. WELT
     8201 Peters Rd., Suite 1000
     Plantation, Florida 33324

Mr. Welt is represented by:

     NATHAN G. MANCUSO, ESQ.
     MANCUSO LAW, P.A.
     Boca Raton Corporate Centre
     7777 Glades Rd., Suite 100
     Boca Raton, Florida 33434
     Tel: 561-245-4705
     Fax: 561-245-4601
     E-mail: ngm@mancuso-law.com


EVIO INC: Proposes to Reduce Authorized Shares to 110 Million
-------------------------------------------------------------
The Board of Directors approved to amend EVIO, Inc.'s Amended and
Restated Articles of Incorporation so as to reduce the authorized
shares of the Company from 1,010,000,000 to 110,000,000, and to
submit the Articles Amendment to the Corporation's stockholders for
approval at the next Annual Shareholders Meeting or Special
Meeting, whichever is to occur first.

Upon stockholder approval, the chief executive officer will
determine an effective date, which must be within 12 months of the
meeting date, at such time the number of authorized common shares
will be 100,000,000 and the authorized preferred shares will be
10,000,000.

                        About EVIO, Inc.

EVIO, Inc., formerly known as Signal Bay, Inc. --
http://www.eviolabs.com/-- is a life science company that provides
accredited analytical testing services and scientific research to
the regulated cannabis industry.  The Company's EVIO Labs division
provides state-mandated ancillary services that don't directly
support the supply chain, but are in place to ensure the safety and
quality of the nation's cannabis supply.  

At a special meeting of stockholders of Signal Bay held on Aug. 30,
2017, the stockholders of the Company approved, among other things,
an amendment to the Company's Restated and Amended Articles of
Incorporation to change the name of the Company to "EVIO, Inc."
The name change took effect at 12:01 am Sept. 6, 2017.

Signal Bay reported a net loss of $2.55 million for the year ended
Sept. 30, 2016, following a net loss of $1.45 million for the year
ended Sept. 30, 2015.  

As of June 30, 2017, Signal Bay had $3.97 million in total assets,
$3.13 million in total liabilities and $838,396 in total equity.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Sept. 30, 2016, stating that the Company has negative working
capital, recurring losses from operations and likely needs
financing in order to meet its financial obligations.  These
conditions raise significant doubt about the Company's ability to
continue as a going concern.


FARWEST PUMP: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Farwest Pump Company
        3230 W. El Camino Del Cerro
        Tucson, AZ 85745

Business Description: Based in Tucson, Arizona, Farwest Pump
                      Company is a small organization that
                      provides well drilling services to all of
                      the southwest United States.  In addition,
                      Farwest also offers a wide variety of
                      related services including well video, sonar
                      jet, municipal water systems, domestic water
                      systems, water system efficiency testing,
                      well test pumping and developing, electrical

                       control systems, complete machine shop
                       service, electric motor repairs,
                       dewatering, environmental and geothermal
                       services.  Founded in 1982, Farwest is
                       a licensed, bonded, and insured company
                       with locations in Tucson, Willcox and Las
                       Cruces.  The Company is owned and operated
                       by Clark and Channa Vaught.  For additional
                       information, please visit the Company's
                       Web site at http://farwestwell.com

Chapter 11 Petition Date: September 20, 2017

Case No.: 17-11112

Court: United States Bankruptcy Court
       District of Arizona (Tucson)

Judge: Hon. Brenda Moody Whinery

Debtor's Counsel: Kasey C. Nye, Esq.
                  KASEY C. NYE, LAWYER, PLLC
                  1661 North Swan Road, Suite 238
                  Tucson, AZ 85712
                  Tel: 520-399-7368
                  Fax: 520-413-2147
                  E-mail: knye@kcnyelaw.com

Estimated Assets: $2.51 million

Estimated Liabilities: $1.85 million

The petition was signed by Channa Vaught, president.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/azb17-11112.pdf


FIRST NBC: Gets Exclusivity in Plan Filing Thru Oct. 10
-------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
First NBC Bank Holding's motion for enlargement of the exclusive
period and time within which the Debtor's Plan may be accepted and
confirmed. The order states, "It Is Ordered that, subject to the
terms of the Stipulation, with respect to solely the Committee, the
120-day exclusive period within which the Debtor may file a Chapter
11 Plan is hereby extended until October 10, 2017; It Is Further
Ordered that, with respect to all other parties in interest, the
120-day exclusive period within which the Debtor may file a Chapter
11 Plan is hereby extended until November 7, 2017; and, the 180-day
exclusive period within which the Debtor may obtain acceptance of a
Chapter 11 Plan is hereby extended until December 7, 2017."

                  About First NBC Bank Holding

First NBC Bank Holding Company -- http://www.firstnbcbank.com/--
is a bank holding company, headquartered in New Orleans, Louisiana,
which offers a broad range of financial services through its
wholly-owned banking subsidiary, First NBC Bank, a Louisiana state
non-member bank.

First NBC Bank's primary market is the New Orleans metropolitan
area and the Florida panhandle.  It serves its customers from its
main office located in the Central Business District of New
Orleans, 38 full service branch offices located throughout its
market and a loan production office in Gulfport, Mississippi.

First NBC Bank sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D. La. Case No. 17-11213) on May 11, 2017.  The
petition was signed by Lawrence Blake Jones, chief restructuring
officer.  The Debtor disclosed $6 million in assets and $65 million
in liabilities as of May 10, 2017.

The bankruptcy filing follows the appointment of the Federal
Deposit Insurance Corporation as receiver of First NBC Bank, the
Debtor's wholly owned subsidiary and principal asset, on April 28,
2017, for which the Debtor has previously announced that it does
not expect any recovery.

The case is assigned to Judge Elizabeth W. Magner.  

Steffes, Vingiello & McKenzie, LLC, is the Debtor's bankruptcy
counsel.  Phelps Dunbar, LLP serves as local counsel,
PricewaterhouseCoopers LLP serves as accountant.

On May 18, 2017, the U.S. Trustee for Region 5 appointed an
official committee of unsecured creditors.  Jeffrey D. Sternklar
LLC is the committee's legal counsel while Stewart Robbins & Brown,
LLC is its legal counsel.

                         *     *     *

The Creditors Committee has filed a motion seeking the appointment
of a Chapter 11 Trustee in the Debtor's case.


FRESH ICE CREAM: Unsecureds to Get 4.15% Under Liquidation Plan
---------------------------------------------------------------
The Fresh Ice Cream Company LLC filed a Chapter 11 plan of
liquidation that proposes to pay creditors from the proceeds
generated from the sale of most of its assets.

The company had earlier sold its assets to DGI Ventures, Inc., for
$1 million, of which $546,630.35 is being held in escrow to be
distributed under the plan while $453,369.65 was paid to secured
creditors at the closing of the sale on June 21.

Under the proposed plan, creditors holding Class 3 general
unsecured claims will receive a minimum 4.15% pro rata distribution
or $331,105.35.  The total amount of general unsecured claims is
estimated at $8 million.

Class 3 is impaired and general unsecured creditors are entitled to
vote on the plan.  

Aside from the sale proceeds, the plan will also be funded with the
company's cash on hand, accounts receivable, and causes of action.


Fresh Ice Cream has also attempted to liquidate its remaining
accounts and inventory excluded from the sale and anticipates it
will generate an additional $50,000 after payment of its expenses,
according to the company's disclosure statement filed on September
12 with the U.S. Bankruptcy Court for the Eastern District of New
York.

A copy of the disclosure statement is available for free at
https://is.gd/zyVkYQ

The hearing to consider approval of the disclosure statement is
scheduled for October 17.  Objections are dues by October 10.

                  About The Fresh Ice Cream

The Fresh Ice Cream Company LLC owns and operates a frozen dairy
and non-dairy product distribution company under the well-known ice
cream brand name Steve's Ice Cream.  Fresh Ice Cream distributes
high quality frozen dairy and non-dairy products to over 12
national retailers including Whole Foods throughout the Northeast
and West Coast.

Fresh Ice Cream sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 17-40716) on Feb. 17,
2017.  David Stein, managing member, signed the petition.

At the time of the filing, the Debtor disclosed $1.32 million in
assets and $6.31 million in liabilities.

The case is assigned to Judge Elizabeth S. Stong.

Jonathan S. Pasternak, Esq., and Erica R. Aisner, Esq., at DelBello
Donnellan Weingarten Wise & Wiederkehr, LLP, serve as the Debtor's
bankruptcy counsel.

On March 8, 2017, the U.S. trustee for Region 2 appointed an
official committee of unsecured creditors.  The committee retained
Westerman Ball Ederer Miller Zucker & Sharfstein, LLP as counsel.


GARCIA INVESTMENT: Foreclosure Sale of Anchorage Property on Nov. 7
-------------------------------------------------------------------
Fidelity Title Agency of Alaska, as Trustee, will sell the property
at 420 and 440 W. 3rd Avenue, Anchorage, AK 99503, at a foreclosure
auction set for November 7, 2017.

Garcia Investment Group, LLC, the owner of the property, has been
declared in default under a deed of trust it executed in favor of
First National Bank Alaska.

The amount due and owing by Garcia Investment to First National
under a promissory note as of Aug. 7, 2017, is $660,376, which
includes $641,050.10 in principal, $6,640 in interest from June 21,
2017, $3,791 in late charges, $40.21 fee balance, $3,267 escrow
reserve, $2,217 for a Trustee's Sale Guarantee, $60.00 recording
costs and $3,310 attorney fees.  This balance will continue to
accrue interest after Aug. 7 at a rate in accordance with the Note
until the time of sale.  Other charges, as allowed under the loan
documents, may also accrue until the time of sale.

The auction will be held Nov. 7 in the main lobby of the Boney
Courthouse at 303 K Street, Anchorage, Alaska.  The sale may be
held with other sales as Trustee may conduct which shall begin at
10:00 a.m. and continue until complete.

Payment must be made at the time of sale in cash or by cashier's
check.  The Beneficiary/Secured Party is not providing any
financing for bids as part of the sale of Personal Property.  Title
to the Real Property and improvements will be conveyed by Trustee's
Quitclaim Deed.  Within ten days after confirming receipt of
payment of the purchase price, the Beneficiary/Secured Party will
provide to the buyer a Quitclaim Bill of Sale for the Personal
Property.  Both deeds are without warranties of title or condition
of any nature or kind.  Upon request, the Beneficiary/Secured Party
also will provide to the buyer a transfer statement in accordance
with AS 45.29.619.  Upon request, a copy of the bill of sale and
transfer statement forms will be provided to bidders before the
sale.  Possession and risk of loss of the goods will transfer
immediately upon receipt of payment.  It is the buyer's
responsibility to remove, insure and otherwise deal with the goods
after sale.

If default has arisen by failure to make payments required under
the Promissory Note and/or the deed of trust, the default may be
cured and this sale terminated if (1) payment of the sum then in
default, other than principal that would not then be due if default
had not occurred, and attorneys and other foreclosure fees and
costs actually incurred by the beneficiary and trustee due to the
default is made at any time before the sale date stated in this
notice or to which the sale is postponed, and (2) when notice of
default has been recorded two or more times previously under the
same deed of trust described and the default has been cured, the
trustee does not elect to refuse payment and continue the sale.  To
determine the current amount required to be paid to cure the
default and reinstate the payment terms of the Promissory Note, you
may call (907) 777-3447 or send an e-mail to dsteger@fnbalaska.com

Inspection of the Real Property and the Personal Property may also
be arranged by contacting Ms. Steger at the telephone number above
at least five business days before the sale.  The terms and
conditions of the sale of the personal property are also available
by contacting Dianne Wamhoff at (907) 276-5152.

The Trustee may be reached at:

     Leslie Plikat / COO
     Fidelity Title Agency of Alaska, Trustee
     3150 C St #220
     Anchorage, AK 99503
     Tel: 907-277-6601


GARDEN OF EDEN: Exclusive Plan Filing Deadline Extended to Oct. 24
------------------------------------------------------------------
The Hon. James L. Garrity, Jr., of the U.S. Bankruptcy Court for
the Southern District of New York has extended, at the behest of
Garden of Eden Enterprises, Inc., and its affiliates, the Debtors'
exclusive right to file a plan of reorganization and solicit
acceptances of the plan through and including Oct. 24 and Dec. 22,
2017, respectively.

As reported by the Troubled Company Reporter on Aug. 24, 2017, the
Debtors asked for the extension, saying that debtors Broadway
Specialty Food, Inc., and Garden of Eden Gourmet
Inc. need additional time to negotiate with their respective
landlords in order to enable them to formulate a plan of
reorganization.  The Debtors have recently filed a motion to assume
their respective leases which is currently scheduled to be heard by
the Court on Sept. 12, 2017.  Broadway and Garden believe that if
they are able to finalize rent modifications and extensions of
their respective lease terms and negotiate payment terms with
respect to the prepetition cure amounts due and owing to their
respective landlords, they will be in a position to negotiate and
formulate a plan of reorganization with its secured creditors,
along with the Official Committee of Unsecured Creditors.

                 About Garden of Eden Enterprises

Garden of Eden Enterprises, Inc., Broadway Specialty Food, Inc.,
Coskun Brothers Specialty, and Garden of Eden Gourmet Inc. filed
Chapter 11 petitions (Bankr. S.D.N.Y. Case Nos. 16-12488, 16-12490,
16-12491, 16-12492, respectively) on Aug. 29, 2016.  The petitions
were signed by Mustafa Coskun, president.  The cases are assigned
to Judge James L. Garrity Jr.

Doing business as Garden of Eden, the Debtors operate three upscale
full-service specialty-food retail stores at leased premises in New
York.  Garden of Eden Enterprises is the parent operating company
of the Debtors, and maintains its place of business at 720 Anderson
Avenue, Cliffside Park, New Jersey 07010.

Clifford A. Katz, Esq., and Scott K. Levine, Esq., of Platzer,
Swergold, Levine, Goldberg, Katz & Jaslow, LLP, serve as counsel to
the Debtors.

The Debtors disclosed $8.05 million in assets and $8.29 million in
liabilities.

U.S. Trustee William K. Harrington on Sept. 15, 2016, appointed
three creditors to serve on the official committee of unsecured
creditors.  The Committee retained Sullivan & Worcester LLP as
counsel.


GASTAR EXPLORATION: Amends Term Loan to Permit Assets Sales
-----------------------------------------------------------
Gastar Exploration Inc., together with the other parties, executed
an amendment No. 3 to the Third Amended and Restated Credit
Agreement among the Company, as borrower, the guarantors party
thereto, AF V Energy I Holdings, L.P., a fund managed indirectly by
Ares Management LLC, as lender, and Wilmington Trust, National
Association, as Administrative Agent.  The Amendment No. 3 amended
the Term Loan, to among other things, expressly provide that
certain assignments of oil and gas properties made or to be made by
the Company to Red Bluff Resources Operating, LLC, pursuant to a
Purchase and Sale Agreement between the Company and Red Bluff dated
Oct. 19, 2016, are permitted by the Term Loan and are not subject
to the mandatory prepayment provisions applicable to "Asset Sales"
under the Term Loan.

A full-text copy of the Amended Credit Agreement is available for
free at https://is.gd/4XbTaw

                   About Gastar Exploration

Houston, Texas-based Gastar Exploration Inc. --
http://www.gastar.com/-- is an independent energy company engaged
in the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.

Gastar reported a net loss attributable to common stockholders of
$103.5 million on $58.25 million of total revenues for the year
ended Dec. 31, 2016, compared to a net loss attributable to common
stockholders of $474.0 million on $107.3 million of total revenues
for the year ended Dec. 31, 2015.  

As of June 30, 2017, Gastar had $371.3 million in total assets,
$380.4 million in total liabilities and a total stockholders'
deficit of $9.06 million.

                          *     *     *

In March 2017, S&P Global Ratings affirmed its 'CCC-' corporate
credit rating, with a negative outlook, on Gastar Exploration.
Subsequently, S&P withdrew all its ratings on Gastar at the
issuer's request.

In April 2017, Moody's Investors Service withdrew all assigned
ratings for Gastar Exploration, including the 'Caa3' Corporate
Family Rating, following the elimination of all of its rated debt.


GENERAL WIRELESS: Exclusive Plan Filing Deadline Moved to Dec. 4
----------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware has extended, at the behest of General
Wireless Operations Inc., dba Radioshack, and its affiliated
debtors, the period during which the Debtors have the exclusive
right to file a Chapter 11 plan through Dec. 4, 2017, and the
period during which the Debtors have the exclusive right to solicit
acceptances of such plan through Feb. 4, 2018.

As reported by the Troubled Company Reporter on Sept. 11, 2017, the
Debtors asked for the extension to allow them to seek confirmation
of the Proposed Plan at the Combined Hearing, including any
adjournments, without the Exclusive Periods expiring.  The Debtors
said they filed the proposed Joint Plan of Reorganization as well
as the related proposed Disclosure Statement on Aug. 17, 2017.
Also on Aug. 17, the Debtors filed a Plan Solicitation Procedures
Motion.  The Solicitation Procedures Motion was scheduled to be
heard on Sept. 7 and if granted, the Debtors aver that they will
promptly commence the solicitation process with respect to the
Proposed Plan in advance of a combined disclosure statement and
confirmation hearing on Oct. 25.

                     About General Wireless

Based in Fort Worth, Texas, General Wireless Operations Inc., doing
business as RadioShack -- http://www.RadioShack.com/-- operates a
chain of electronics stores. Its predecessor, RadioShack Corp.,
then with 4,000 locations, sought Chapter 11 protection (Bankr. D.
Del. Case No. 15-10197) in February 2015 and announced plans to
close underperforming stores.

In March 2015, General Wireless, a Standard General affiliate, won
court approval to purchase RadioShack Corp.'s assets, gaining
ownership of around 1,700 RadioShack locations.  Two years later,
General Wireless commenced its own bankruptcy case, announcing
plans to close 200 of 1,300 remaining stores.

General Wireless Operations Inc., and its affiliates based in Fort
Worth, Texas, filed a Chapter 11 petition (Bankr. D. Del. Lead Case
No. 17-10506) on March 8, 2017.  In its petition, General Wireless
estimated $100 million to $500 million in both assets and
liabilities.  Bradford Tobin, SVP and general counsel, signed the
petitions.

The Debtors tapped Pepper Hamilton LLP as legal counsel; Loughlin
Management Partners & Company, Inc., as financial advisor; and
Prime Clerk, LLC, as claims and noticing agent.

On March 17, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee selected
Kelley Drye & Warren LLP as its lead counsel; Klehr Harrison Harvey
Branzburg LLP as local counsel; Bartlit Beck Herman Palenchar &
Scott LLP, as special counsel; and Berkeley Research Group LLC as
financial advisor.


GENON ENERGY: U.S. Trustee Opposes Noteholder Advisors Fee Motion
-----------------------------------------------------------------
BankruptcyData.com reported that the U.S. Trustee assigned to the
GenOn Energy case filed with the U.S. Bankruptcy Court an objection
to the Debtors' motion for entry of an order approving marketing
process procedures, notes offering procedures and related forms and
authorizing the Debtors to pay reasonable documented fees and
expenses of the noteholder advisors.  The U.S. Trustee asserts,
"Under the Motion, the Ad Hoc GenOn Notes Committee and the Ad Hoc
GAG Notes Committee (collectively the 'Noteholder Groups') would
reap the benefits of section 503(b)'s administrative status without
subjecting themselves to its burdens.  The Debtors argue that
because the Noteholder Advisors will 'undertake significant
analysis and efforts to support decision-making by the Debtors,'
the Debtors need only show they used their business judgment under
section 363 of the Bankruptcy Code to obtain approval of these fees
and expenses, as well as their administrative status.  However, the
plain meaning of the Bankruptcy Code's text is clear and
determinative.  In addition, in this case, the Debtors are seeking
reimbursement of Fees and Expenses incurred by non-statutory
committees, which is specifically addressed in section 503(b) of
the Bankruptcy Code.  The payment provisions sought in the Motion
conflict with the statutory standards and procedures for payment of
administrative expenses because they authorize certain creditors to
be paid administrative expenses without the necessity of filing an
application and meeting their evidentiary burden for payment under
section 503(b).  The Court cannot disregard its duty under the
Bankruptcy Code and pre-approve all the fees, no matter what they
may be, and without a showing that the party made a substantial
contribution.  This case is yet unconfirmed.  If the Motion were
approved, but the deal between the noteholders, NRG, and the
Debtors collapsed and the current Plan was not confirmed, the
Noteholder Advisors could be paid without any showing that their
clients made a substantial contribution to the case."

                    About GenOn Energy

GenOn Energy, Inc., is a wholesale power generation corporation
with 15,394 megawatts in generating capacity, operating operate 32
power plants in eight states. GenOn is subsidiary of NRG Energy
Inc., which is a competitive power company that produces, sells and
delivers energy and energy services, primarily in major competitive
power markets in the U.S.

GenOn is the product of two mergers since 2010.  First, on Dec. 3,
2010, two wholesale power generation companies -- RRI Energy, a
company formerly known as Reliant Energy, and Mirant Corporation
-- completed an all-stock, tax-free merger with Mirant becoming
RRI's wholly-owned subsidiary.  Following the merger, RRI took its
current name: GenOn.

NRG, through a wholly-owned subsidiary, and GenOn completed a
stock-for-stock merger in a $6 billion deal, with GenOn continuing
as the surviving company on December 14, 2012.  NRG, as
consideration for acquiring GenOn's entire equity, issued 0.1216
shares of NRG common stock for each outstanding share of GenOn.  In
structuring the merger, NRG "ring-fenced" GenOn's debt, leaving
GenOn's creditors without recourse against NRG's assets in the
event of GenOn's default.

As of March 31, 2017, GenOn Energy had $4.81 billion in total
assets, $4.51 billion in total liabilities and $304 million in
total stockholders' equity.

GenOn Energy, Inc. ("GenOn"), GenOn Americas Generation, LLC
("GAG") and 60 of their directly and indirectly-owned subsidiaries
commenced the Chapter 11 cases in Houston, Texas (Bankr. S.D. Tex.
Lead Case No. 17-33695) on June 14, 2017, to implement a
restructuring plan negotiated with stakeholders prepetition.  The
Debtors' cases have been assigned to Judge David R. Jones.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  Zack A.
Clement, PLLC, is the local counsel.  Rothschild Inc. is the
financial advisor and investment banker.  McKinsey Recovery &
Transformation Services U.S. is the restructuring advisor.  Epiq
Systems, Inc., is the claims and noticing agent.

Credit Suisse Securities (USA) LLC serves as GenOn Energy's
financial advisor and investment banker.

Special Counsel to the GAG Steering Committee is Quinn Emanuel
Urquhart & Sullivan, LLP.  The Steering Committee of GAG
Noteholders is comprised of Benefit Street Partners LLC, Brigade
Capital Management, LP, Franklin Mutual Advisers, LLC, and Solus
Alternative Asset Management LP, each on behalf of itself or
certain affiliates, and/or accounts managed and/or advised by it or
its affiliates.

Counsel to the GenOn Steering Committee and the GAG Steering
Committee are Keith H. Wofford, Esq., Stephen Moeller-Sally, Esq.,
and Marc B. Roitman, Esq., at Ropes & Gray LLP.

Counsel for NRG Energy, Inc., are C. Luckey McDowell, Esq., and Ian
E. Roberts, Esq., at Baker Botts L.L.P.


GILLESPIE OFFICE: Plan Solicitation Period Moved to Dec. 11
-----------------------------------------------------------
The Hon. August B. Landis of the U.S. Bankruptcy Court for the
District of Nevada extended the exclusivity period during which
only Gillespie Office and Systems Furniture, Inc. may solicit
acceptances to its plan of reorganization to December 11, 2017.

As reported by the Troubled Company Reporter on September 5, 2017,
the Debtor sought exclusivity extension, considering that the
Court, during the hearing held on the confirmation of the Debtor's
Plan, had taken the matter under submission after arguments from
the Debtor and the objecting creditor.

The Debtor filed on March 15, 2017, a disclosure statement to
explain the plan of reorganization.  The Court approved the
Disclosure Statement on May 3, and scheduled a confirmation hearing
for July 10.  The Debtor said the requested extension would
alleviate the potential for both estate and judicial resources to
be spent needlessly, and ultimately increase the likelihood of the
Debtor to successfully reorganize by avoiding the need to respond
to a competing plan while the decision on confirmation is pending.

           About Gillespie Office and Systems Furniture

Gillespie Office and Systems Furniture, Inc., does business as A&B
Printing, located at 2908 South Highland Drive, Set. B, Las Vegas,
Nevada.  Gillespie Office has been providing printing and mailing
services to customers in Las Vegas since 1979.

Gillespie Office filed a Chapter 11 bankruptcy petition (Bankr. D.
Nev. Case No. 16-11943) on April 11, 2016.  The petition was signed
by Kathleen L. Gillespie, president. The Debtor estimated assets
and liabilities at $500,001 to $1 million at the time of the
filing.

Morris, Polich & Purdy serves as bankruptcy counsel to the Debtor
in place of the law firm of Larson and Zirzow, effective as of June
17, 2016.  Levy Law, LLC serves as special counsel while Holland &
Hart serves as insurance defense litigation counsel to the Debtor.
Serl, Keefer, Welter CPAs, LLP has been tapped as accountant.

No request has been made for the appointment of a trustee or
examiner, and no official committees have been appointed in this
Chapter 11 case.


GLOBAL APPLIANCE: Moody's Assigns B1 CFR; Outlook Stable
--------------------------------------------------------
Moody's Investors Service assigned a B1 Corporate Family Rating
(CFR) and B2-PD Probability of Default Rating to Global Appliance
Inc. Global Appliance is the legal entity which is acquiring US
home appliance brands SharkNinja in a leveraged buyout. Moody's
also assigned a B1 rating to the company's proposed $905 million of
senior secured first lien credit facilities. The rating outlook is
stable.

Global Appliance Inc. is a designer of electric appliances under
the Shark and Ninja brands. Proceeds from the proposed debt
financing, along with equity, will be used to finance the $1.6
billion acquisition of Global Appliance by Chinese investment firm
Shanghai Lihong (Lihong) and private equity firm CDH Investments,
and pay related fees and expenses. Moody's expects the transaction
to close by the end of 2017.

Lihong is a significant owner of Joyoung, a Chinese home appliance
manufacturer. "Partnering with Lihong creates new growth
opportunities for Global Appliance in China" stated Kevin Cassidy,
Senior Credit Officer, at Moody's Investors Service.

Issuer: Global Appliance Inc.

Ratings assigned:

Corporate Family Rating at B1;

Probability of Default Rating at B2-PD;

Senior Secured 1st Lien Revolving Credit Facility expiring 2022 at
B1 (LGD 3);

Senior Secured 1st Lien Term Loan A due 2022 at B1 (LGD 3);

Senior Secured tst Lien Term Loan B due 2023 at B1 (LGD 3);

The rating outlook is stable.

RATINGS RATIONALE

The B1 CFR reflects Global Appliance's high financial leverage,
which Moody's estimates to be around 5 times debt/EBITDA, and
limited product and geographic diversification. The rating also
reflects the discretionary nature of the relatively expensive
vacuums and blenders the company sells, and risks associated with
being owned by a private equity firm. SharkNinja's solid market
presence supports the rating, as does Global Appliance's size with
revenue around $1.5 billion. Moody's expects debt/EBITDA to
approach 4 times in fiscal 2019 (March year-end) through a
combination of earnings growth and debt repayment with free cash
flow.

The B1 rating on the first lien credit facilities is the same as
the B1 CFR as the facilities represent the preponderance of debt in
the capital structure. The first lien credit facilities have
upstream guarantees from operating subsidiaries.

The stable outlook reflects Moody's expectation that debt to EBITDA
will be maintained below 5 times and that there will be not be any
shareholder distributions in the next few years.

Ratings could be upgraded if the company can improve its product
and geographic diversification and sustain debt to EBITDA below 4
times.

Ratings could be downgraded if the company's operating performance
or liquidity deteriorates for any reason or if debt to EBITDA
remains above 5 times. Failure to successfully execute its China
expansion strategy would pressure the rating.

The principal methodology used in these ratings was that for the
Consumer Durables Industry published in April 2017.

Headquartered in Boston, Massachusetts, Global Appliance Inc. is a
designer of electric appliances marketed under the Shark and Ninja
brands primarily to consumers in the US. The company is principally
owned by Chinese firm Lihong and private equity firm CDH
Investments. Revenue approximates $1.4 billion.


GOGO INTERMEDIATE: Moody's Rates Proposed $100MM Notes Add-on B2
----------------------------------------------------------------
Moody's Investors Service has assigned a B2 rating to Gogo
Intermediate Holdings LLC's proposed $100 million add-on to the
12.5% senior secured notes due 2022. The notes will also be
co-issued at a second subsidiary, Gogo Finance Co. Inc. The net
proceeds from this offering will be used to fund the commercial
rollout of Gogo Inc.'s (Gogo) 2Ku next-generation technology
solutions, and for working capital and general corporate purposes.
Gogo's B3 corporate family rating (CFR), B3-PD probability of
default rating, SGL-2 speculative grade liquidity rating and stable
outlook remain unchanged.

Assignments:

Issuer: Gogo Intermediate Holdings LLC

-- GTD Senior Secured Regular Bond/Debenture due 2022, Assigned
    B2 (LGD3)

RATINGS RATIONALE

Gogo's B3 CFR reflects its small scale, low margins, high leverage
(12.4x Moody's adjusted for the 12 months ended June 30, 2017), and
the expectation of negative free cash flow into 2019 as the company
heavily invests in the rollout of in-flight connectivity technology
to additional carriers outside the North American market, where it
currently benefits from critical mass in the commercial aviation
segment and a dominant position in business aviation. The rating is
supported by this currently strong North American market position,
long-term carrier contracts, cumbersome barriers to entry, a robust
revenue growth profile driven by international expansion,
sufficiently large cash balances to fund negative operating cash
flow during the current growth phase, and a seasoned and proven
management team. Gogo's 2Ku advanced global satellite delivery
technology and improving air-to-ground technologies will help the
company contract with and serve global carriers in new geographic
markets, as well as address North American capacity constraints.
With numerous competitors vying for differentiation and carrier
share in a still evolving but growing market, Gogo's technology,
compelling delivery platform, and backlog support new market growth
and facilitate the company's continuing defense of its current
business. Future factory installs of Gogo's hardware and software
technology with major aircraft manufacturers will ease the
complicated logistics associated with the initial outfitting of
in-use aircraft, smoothing future growth and revenue
opportunities.

The new secured notes rank pari passu with Gogo's existing $590
million senior secured notes due 2022. The secured notes are
guaranteed on a senior secured basis by Gogo Inc. and by each of
Gogo Inc.'s existing and future domestic restricted subsidiaries
(other than the co-issuers of the notes: Gogo Intermediate Holdings
LLC and Gogo Finance Co. Inc.).

The stable outlook reflects Moody's expectations that the company
will continue to produce relatively healthy revenue growth and
maintain adequate liquidity while leverage remains high as Gogo
heavily invests during its growth phase.

Given the expectation for high leverage and negative free cash
flow, an upgrade is unlikely over the next 12 to 18 months.
However, upward rating pressure would ensue if Gogo were to
sustainably generate free cash flow and financial leverage
approached 4x (Moody's adjusted). Downward rating pressure could
develop if liquidity becomes strained, revenue growth stalls, or if
the company is unable to migrate towards free cash flow generation
and improve that free cash flow profile over time. Additionally,
debt financed acquisitions and investments which result in a
deterioration in cash flow or a material increase in leverage could
result in a downgrade.

The principal methodology used in this rating was Business and
Consumer Service Industry published in October 2016.


GOOD FIGHT: Plan Confirmation Hearing on Oct. 18
------------------------------------------------
The Hon. John W. Kolwe of the U.S. Bankruptcy Court for the Western
District of Louisiana has conditionally approved Good Fight of
Faith Assembly, Inc.'s disclosure statement referring to the
Debtor's Chapter 11 plan.

A final hearing on the approval of the Disclosure Statement and
confirmation of the Plan will be held on Oct. 18, 2017, at 9:30
a.m.

Objections to the Disclosure Statement and Plan must be filed by
Oct. 13, 2017.

The last day for holders of claims and interests to accept or
reject the Plan is Oct. 13.

The last date for the filing of proofs of claim will be Oct. 18.

As reported by the Troubled Company Reporter on Aug. 16, 2017, the
Debtor filed with the Court a disclosure statement dated Aug. 2,
2017, referring to the Debtor's plan of reorganization dated Aug.
2, 2017.  Payments and distributions under the Plan will be funded
by future contributions by church members.

               About Good Fight of Faith Assembly

Founded in 2001, Good Fight of Faith Assembly is a small
organization in the religious organizations industry located in
Alexandria, Louisiana.  Good Fight of Faith Assembly, Inc., filed a
Chapter 11 bankruptcy petition (Bankr. W.D. La. Case No. 16-81296)
on Nov. 30, 2016, listing under $1 million in both assets and
liabilities.  The Debtor is represented by L. Laramie Henry, Esq.,
as counsel.  The Debtor has approximately two full time employees
and generates an estimated $53,713 in annual revenue at the time of
the bankruptcy filing.


GREER APPLIANCE: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Greer Appliance Warehouse, as
of Sept. 19, according to a court docket.

Headquartered in Greer, South Carolina, Greer Appliance Warehouse &
Service, LLC, filed for Chapter 11 bankruptcy protection (Bankr.
D.S.C. Case No. 17-04069) on Aug. 15, 2017, estimating its assets
at up to $50,000 and its liabilities at between $100,001 and
$500,000.  Robert H. Cooper, Esq., at The Cooper Law Firm serves as
the Debtor's bankruptcy counsel.


HAMPSHIRE GROUP: Wants Plan Filing Deadline Moved to Oct. 20
------------------------------------------------------------
BankruptcyData.com reported that Hampshire Group filed with the
U.S. Bankruptcy Court a motion for an order extending the exclusive
periods during which the Debtors may file a Chapter 11 plan and
solicit acceptances thereof, through and including Oct. 20, 2017
and Dec. 20, 2017, respectively.  

In its fifth exclusivity extension motion, the Debtor explained
that the solicitation motion originally sought a confirmation
hearing date of Sept. 13, 2017, one week prior to the current
expiration of the exclusive filing period under the fourth
extension order.  Under the Solicitation Procedures Order, the
confirmation hearing date has now been scheduled for Sept. 27,
2017.  

The Debtor thus seek a brief 30-day extension of the Exclusive
Periods to maintain the status quo in these cases through the
anticipated effective date of the Plan and avoid the risk of any
unnecessary distractions as the Plan Proponents seek to obtain
confirmation of the Plan.  If, as the Debtors anticipate, the Plan
will be confirmed on or about Sept. 27, 2017, then on or about the
Plan effective date, the Debtors intend to file a notice
withdrawing this Motion.

                      About Hampshire Group

New York-based Hampshire Group, Limited (OTC Markets: HAMP) is a
provider of fashion apparel across a broad range of product
categories, channels of distribution and price points.  As a
holding company, the Company operates through its wholly-owned
subsidiaries, Hampshire Brands, Inc. and Hampshire International,
LLC.

Hampshire Group, Limited and two affiliates -- Hampshire Brands and
Hampshire International -- sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Case Nos. 16-12634 to 16-12636) on Nov. 23, 2016,
to facilitate the orderly wind-down of their business operations.

The petitions were signed by Paul Buxbaum, president and CEO.

Hampshire Group disclosed $25.9 million in assets and $41.8 million
in liabilities.  Brands estimated under $50 million in both assets
and debt. International estimated under $50,000 in assets and under
$50 million in liabilities.

Blank Rome LLP is the Debtors' counsel.  William Drozdowski of GRL
Capital Advisors LLC is the Debtors' chief financial officer.

The U.S. Trustee for Region 3 has formed an official unsecured
creditors committee in the case.   Pachulski Stang Ziehl & Jones
LLP serves as legal counsel and Gavin/Solmonese LLC as financial
advisor to the Committee.

                         *     *     *

The Bankruptcy Court authorized Hampshire Group, Limited, to sell
the James Campbell assets to The Fashion Exchange, LLC, pursuant to
an asset purchase agreement dated Jan. 13, 2017.  Klestadt Winters
Jureller Southard & Stevens, LLP, served as legal advisor to the
buyer.


HARBOR BAR DOCKS: Taps Larimore Law Office as Legal Counsel
-----------------------------------------------------------
Harbor Bar Docks Inc. and Harbor Bar, Inc. filed separate
applications seeking approval from the U.S. Bankruptcy Court for
the Western District of Wisconsin to hire legal counsel.

The Debtors propose to employ Larimore Law Office LLC to give legal
advice regarding their duties under the Bankruptcy Code and provide
other legal services related to their Chapter 11 cases.

The firm will charge an hourly fee of $185 for the services of its
attorneys.

Joel Larimore, Esq., disclosed in a court filing that he and his
firm do not have connection with any creditor or
"party-in-interest" in the Debtor's case.

The firm can be reached through:

     Joel Larimore, Esq.
     Larimore Law Office
     1561 Commerce Ct., Suite 215
     River Falls, WI 54022
     Phone: 715-629-7108
     Email: joel.larimore@gmail.com

              About Harbor Bar Docks Incorporated

Harbor Bar Docks Incorporated and Harbor Bar, Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Wis. Case Nos. 17-10989 and 17-10990) on March 26, 2017.  The
petitions were signed by Bradley Smith, president of Harbor Bar
Docks.

At the time of the filing, both Debtors disclosed that they had
estimated assets and liabilities of less than $1 million.


HCA INC: Egan-Jones Assigns BB- Sr. Unsec. Debt Ratings
-------------------------------------------------------
Egan-Jones Ratings Company, on July 26, 2017, assigned BB- senior
unsecured ratings on debt issued by HCA Inc./Old.

HCA Inc. of Delaware owns, manages, and operates hospitals. The
Company offers freestanding surgery, emergency care facilities,
diagnostic, and imaging centers.


HHH CHOICES: Hearing on HHHW Plan Set for Oct. 31
-------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York is
set to hold a hearing on October 31 to consider approval of the
Chapter 11 plan of liquidation jointly filed by Hebrew Hospital
Home of Westchester, Inc. ("HHHW") and the official committee of
unsecured creditors.

The hearing will be held at 10:00 a.m. (prevailing Eastern Time),
before Judge Michael E. Wiles.

The court on September 12 approved the disclosure statement,
allowing Hebrew Hospital to start soliciting votes from creditors.


The order set an October 24 deadline for creditors to file their
objections and an October 20 deadline to cast their votes accepting
or rejecting the plan.

                      About HHH Entities

Three alleged creditors owed about $1.9 million submitted an
involuntary Chapter 11 petition for HHH Choices Health Plan, LLC on
May 4, 2015 (Bankr. S.D.N.Y. Case No. 15-11158) in Manhattan.

The petitioners are The Royal Care, Inc., (allegedly owed
$772,762), Amazing Home Care Services ($1,178,752), and InterGen
Health LLC ($42,298), all claiming that they are owed by the Debtor
for certain services rendered.  They all tapped Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament, LLP, in Garden City, New
York, as counsel.

With the consent from the board of directors, HHH Choices filed a
notice of consent to order for relief on June 1, 2015, and an order
for relief was entered on June 22, 2015.  HHH Choices was engaged
in operating a managed long-term care program ("MLTCP").  HHH
Choices, which essentially was a health insurance maintenance plan,
sold its business in 2015.

On Dec. 9, 2015, Hebrew Hospital Senior Housing, Inc., commenced a
Chapter 11 case (Bankr. S.D.N.Y. Case No. 15-13264).  HHSH is
engaged in the sponsorship and operation of a 120-unit continuing
care retirement community ("CCRC") with ancillary components
consisting of; a 20 bed skilled nursing facility ("SNF"), which
includes an adult day healthcare program ("ADHCP"), and a 10-bed
enriched housing unit. These programs are commonly known as,
Westchester Meadows and Fieldstone.

On Jan. 8, 2016, Hebrew Hospital Home of Westchester, Inc.
commenced a Chapter 11 Case (Case No. 16-10028).  HHHW's
predecessor, Hebrew Hospital Home, Inc. owned and operated a
480-bed skilled nursing facility located in the Bronx.  In 1998,
HHHW opened a new 160-bed facility situated at 61 Grasslands Road,
Valhalla, New York.  HHHW sold the Bronx SNF in 2007 and the
Westchester SNF in mid-2015.  HHHW no longer has any active
business operations.  However, it still has responsibilities to
wind-up its affairs, including finishing any remaining billing and
processing, filing reports with regulatory agencies and closing its
books and records.  The true-up process and final reconciliation
with the purchasers of the Westchester SNF is incomplete.

The Debtors sought and obtained an order directing joint
administration of their cases under Case No. 15-11158.

Judge Michael E. Wiles oversees the cases.

Mary Frances Barrett is president of all of the Debtors.

The Debtors tapped Harter Secrest & Emery LLP as counsel and
Getzler Henrich & Associates LLC as financial advisor.

The Office of the United States Trustee appointed five creditors of
HHH Choices to serve on the official committee of unsecured
creditors.  The HHH Choices Committee tapped Farrell Fritz, P.C.,
as counsel.

William K. Harrington, U.S. Trustee for Region 2, appointed five
creditors of Hebrew Hospital Home of Westchester Inc., an affiliate
of HHH Choices Health Plan LLC, to serve on the official committee
of unsecured creditors.  The Hebrew Hospital Committee tapped Duane
Morris as counsel and Alston & Bird LLP as counsel.

     *     *     *

Hebrew Hospital Home of Westchester, Inc., and the Official
Committee of Unsecured Creditors of the Debtor filed a joint
chapter 11 plan of liquidation on August 10, 2017.

Official Committee of Unsecured Creditors of the HHH Choices Health
Plan, LLC, filed a Chapter 11 plan of liquidation for HHH Choices
dated Aug. 15, 2017.


HIGHLAND ACQUISITION: Moody's Puts B2 CFR on Review for Upgrade
---------------------------------------------------------------
Moody's Investors Service placed all ratings for Highland
Acquisition Holdings, LLC on review for upgrade. Highland is the
parent company of HealthSun. This follows the announcement that
Anthem, Inc. (Baa2 stable) will acquire the company. Moody's
expects the transaction to close by the end of 2017 and is subject
to state and federal regulatory approvals.

Moody's anticipates that it will withdraw all ratings on Highland
once the company's debts are repaid at transaction close.

Ratings placed on review that Moody's expects to withdraw at
close:

Highland Acquisition Holdings, LLC

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

Senior secured first lien revolving credit facility expiring 2021
at B2 (LGD 3)

Senior secured first lien term loan due 2023 at B2 (LGD 3)

The outlook is on review.

RATINGS RATIONALE

The review for upgrade is based upon Moody's view that, should the
acquisition by Highland be consummated, that Highland will become
part of an enterprise with a stronger overall credit profile than
if Highland remains a standalone entity. The review will focus on
Anthem's treatment of Highland's debt following the close of the
acquisition.

Should Anthem decide not to guarantee any Highland debt remaining
outstanding after the close, or not to provide separate financial
statements for Highland, which would enable an independent credit
evaluation post-acquisition, Moody's will likely withdraw the
ratings on Highland. For more information, please refer to Moody's
rating withdrawal policy on moodys.com.

Excluding the contemplated acquisition by Anthem, Highland's B2
Corporate Family Rating reflects HealthSun's significant geographic
concentration, reimbursement risk, moderately high financial
leverage, and small size relative to other healthcare providers and
HMO competitors. The rating is supported by the firm's solid
operating margins and good cash flow generation, as well as its
strong reputation that will drive continued growth in plan
membership in its very localized Florida market.

Should the transaction not be completed, Moody's expects that it
would confirm the ratings.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Based in Coconut Grove, Florida, HealthSun is an operator of
medical clinics and a Health Maintenance Organization in two
Florida counties. The company has nearly 40,000 Medicare Advantage
members in the south Florida counties of Miami-Dade and Broward.
The company operates HealthSun Health Plans, its own HMO, as well
as clinics branded as WellMax and Pasteur that are exclusively for
members of its HMO. The company's network extends to clinics
operated by outside parties, which offer varying levels of
exclusivity in serving plan members. Pro forma revenues are
approximately $800 million.


HIGHLAND ACQUISITION: S&P Puts 'BB-' CCR on Watch Positive
----------------------------------------------------------
S&P Global Ratings said it placed its 'BB-' long-term counterparty
credit and senior secured debt ratings on Highland Acquisition
Holdings LLC (HealthSun) on CreditWatch with positive
implications.

Anthem Inc. has announced that it has entered into an agreement to
acquire Highland Acquisition Holdings LLC (HealthSun).

The CreditWatch placement reflects HealthSun's anticipated
acquisition by a higher-rated entity --Anthem Inc., which S&P
believes will result in an upgrade of up to one three notches. The
acquisition is expected to close in fourth-quarter 2017.

S&P said, "We will continue to monitor HealthSun's operating
performance and discuss HealthSun's capital structure with Anthem.
Once the transaction is completed, we could raise the ratings by up
to three notches depending on the amount of debt outstanding
following the acquisition and our determination of HealthSun's
strategic importance within Anthem's group of companies."


HUDSON'S BAY: Egan-Jones Cuts Sr. Unsecured Ratings to B-
---------------------------------------------------------
Egan-Jones Ratings Company, on July 18, 2017, lowered the senior
unsecured ratings on debt issued by Hudson's Bay Co. to B- from B.
EJR also lowered the commercial paper rating on the Company to C
from B.

Hudson's Bay Company offers a selection of branded merchandise in
Canada and the United States.  The Company operates department
stores and other retail stores that offers kitchen and bed and
bath/products.



IGNITE RESTAURANT: Court Approves Disclosure Statement
------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Ignite Restaurant Group's Disclosure Statement related to its
Amended Chapter 11 Plan.  According to the Disclosure Statement,
"The Plan is premised on the substantive consolidation of all of
the Debtors with respect to the treatment of all Claims and
Interests.  The Plan shall serve as a request by the Debtors, in
lieu of a separate motion, to the Bankruptcy Court, that it grant
substantive consolidation with respect to the treatment of all
Claims and Interests as follows: on the Effective Date, (a) all
assets and liabilities of the Debtors will be merged or treated as
though they were merged; (b) all guarantees of the Debtors of the
obligations of any of Debtor and any joint and several liability of
any of the Debtors shall be eliminated; (c) each and every Claim of
a Debtor held against another Debtor shall be deemed released,
cancelled and terminated; and (d) each and every Claim and Interest
against any Debtor shall be deemed Filed against the consolidated
Debtors and all Claims Filed against more than one Debtor for the
same liability shall be deemed one Claim against any obligation of
the consolidated Debtors.  Substantive consolidation is appropriate
here. Pursuant to the Settlement, the Lenders will be receiving all
of the net proceeds of the sale, except for $900,000 to be
distributed to general unsecured creditors.  The cost of
determining the appropriate distributions and disentangling
intercompany claims, absent substantive consolidation, would be
prohibitive."

                    About Ignite Restaurant

Ignite Restaurant Group, Inc., et al., operate two well-known
restaurant brands, Joe's Crab Shack and Brick House Tavern + Tap
that offer a variety of high-quality food and beverages in a
distinctive, casual, high-energy atmosphere.  They operate 130+
restaurants and have three international franchise locations, and
employ about 8,400 employees.

On June 6, 2017, Ignite Restaurant Group and its affiliates filed
for bankruptcy in Texas (Bankr. S.D. Tex. Lead Case No. 17-33550).
The petitions were signed by Jonathan Tibus, chief executive
officer.  The Hon. David R. Jones presides over the Debtors'
cases.
  
Ignite Restaurant Group and its affiliated debtors sought
bankruptcy protection to facilitate a sale of its business to a
private equity firm for $50 million in cash plus the assumption of
certain liabilities.

As of April 30, 2017, the Debtors reported $153.4 million in total
assets and $197.4 million in total liabilities.

The Debtors have employed King & Spalding LLP as legal counsel;
Jonathan Tibus, managing director at Alvarez & Marsal North
America, as their chief executive officer; Piper Jaffray & Co. as
investment banker; Hilco Real Estate, LLC as real estate advisor;
and Garden City Group as their claims and noticing agent.

On June 21, 2017, a five-member panel was appointed as the official
unsecured creditors committee in the Debtors' cases.  The committee
tapped Pachulski Stang Ziehl & Jones LLP as counsel, Cole Schotz
P.C. as local counsel, and FTI Consulting, Inc., as financial
advisor.


IMAGEWARE SYSTEMS: Secures $11 Million in New Funding
-----------------------------------------------------
ImageWare Systems, Inc., has completed an $11 million registered
direct offering to certain accredited investors.

ImageWare sold an aggregate of 11,000 shares of new Series A
Preferred Stock at $1,000 per share for gross proceeds of $11
million.  After accounting for previously advanced cash that was
converted into the transaction, new proceeds are expected to be
approximately $10.1 million.  ImageWare intends to use the proceeds
for general corporate purposes such as marketing, sales and working
capital.

The offering was conducted pursuant to the Company's shelf
registration statement on Form S-3 (File No. 333-214124) previously
filed with and subsequently declared effective by the Securities
and Exchange Commission on April 28, 2017.  A prospectus supplement
and accompanying base prospectus relating to the offering was filed
with the SEC and is available on the SEC's website at
http://www.sec.gov.

Concurrently with the registered direct offering, ImageWare expects
to consolidate $20.6 million worth of shares of existing Series E,
Series F and Series G preferred stock into the new class of Series
A Preferred Stock.  The only preferred shares expected to remain
outstanding after the exchange is approximately 239,000 shares of
Series B Preferred Stock.

"This financing recognizes the strong progress we've made to
commercialize our leading identity management solutions for the
enterprise and consumer markets, as well as our significant
prospects for growth in those areas," said Jim Miller, ImageWare's
chairman and CEO.  "Not only are we now in a better position to
capitalize on the growing industry demand for biometric solutions,
but we believe our bolstered balance sheet and operational momentum
will enable us to further expand our partner agreements for our
mobile and cloud-based products."

Concurrent with the financing, ImageWare has appointed Robert
Clutterbuck and Charlie Frischer to its board of directors.

Mr. Clutterbuck is a significant ImageWare shareholder and the
founder, managing director and portfolio manager at Clutterbuck
Capital Management.  He gained more than 30 years of investing
experience at McDonald & Company Investments, Inc., advising
affluent clients, professionals and corporate executives on
investment management, financial planning, estate preservation and
wealth transfer strategies.  During his time at McDonald & Company,
Mr. Clutterbuck held several senior management positions, including
serving as chairman and chief executive partner of Key Capital
Partners, and as CEO of McDonald Investments Inc. from 2000 to
2002.

Currently, Mr. Clutterbuck serves as an independent director of
Westmoreland Resources GP, LLC (NYSE: WMLP), a position he has held
since Jan. 6, 2015.  Mr. Clutterbuck holds a B.A. from Ohio
Wesleyan University and an M.B.A from the University of
Pennsylvania Wharton School of Business.

Charlie Frischer currently works as a self-employed private
investor, a role he has occupied since 2009.  Previously, he served
as general partner of LF Partners, LLC from 2009 to 2015 and as a
principal at Zephyr Management, L.P. from 2005 to 2008. Prior to
that, he served as a principal at Capri Capital, where he directed
the firm's real estate acquisitions program from 1995 to 2000, and
as senior vice president of Ericson Memorial Studios from 1993 to
1994.  Mr. Frischer holds a B.A. from Cornell University.

                     About ImageWare Systems

ImageWare Systems, Inc., is a developer of mobile and cloud-based
identity management solutions, providing biometric authentication
solutions for the enterprise.  The Company delivers next-generation
biometrics as an interactive and scalable cloud-based solution.
ImageWare brings together cloud and mobile technology to offer
multi-factor authentication for smartphone users, for the
enterprise, and across industries.  ImageWare's products support
multi-modal biometric authentication including, but not limited to,
face, voice, fingerprint, iris, palm, and more.  All the biometrics
can be combined with or used as replacements for authentication and
access control tools, including tokens, digital certificates,
passwords, and PINS, to provide the ultimate level of assurance,
accountability, and ease of use for corporate networks, web
applications, mobile devices, and PC desktop environments.
ImageWare is headquartered in San Diego, Calif., with offices in
Portland, OR, Ottawa, Ontario, and Mexico City, Mexico.  To learn
more about ImageWare, visit http://iwsinc.com;follow the Company
on Twitter, LinkedIn, YouTube and Facebook.

ImageWare Systems reported a net loss available to common
shareholders of $10.87 million on $3.81 million of revenues for the
year ended Dec. 31, 2016, compared to a net loss available to
common stockholders of $9.59 million on $4.76 million of revenues
for the year ended Dec. 31, 2015.

As of June 30, 2017, ImageWare had $4.25 million in total assets,
$9.83 million in total liabilities and a total shareholders'
deficit of $5.58 million.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2016, citing that the
Company has incurred recurring operating losses and is dependent on
additional financing to fund operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


J CREW GROUP: Signs Three-Year Contract With CAO
------------------------------------------------
J.Crew Group, Inc. announced that Lynda Markoe has been named chief
administrative officer.  Ms. Markoe, age 50, served as the
Company's executive vice president, human resources & legal since
2015.  In connection with her promotion, the Company entered into a
letter agreement with her, dated Sept. 14, 2017, which sets forth
new terms of compensation.  

The Letter Agreement has a three-year term and will automatically
renew for successive one-year periods unless either party gives
notice of its election not to renew.  Pursuant to the Letter
Agreement, Ms. Markoe's base salary is not less than $600,000 and
she is eligible to earn a target annual bonus of 75% of Base
Salary, up to a maximum of 187.5% of Base Salary, subject to
meeting certain Company and individual performance goals.  

Upon a termination of Ms. Markoe's employment by the Company
without cause, by Ms. Markoe for good reason, or upon the Company's
election not to renew the Letter Agreement, Ms. Markoe will be
entitled to (1) continued Base Salary, medical benefits, and a
payment equal to her target Annual Bonus for a period of twelve
months, (2) any Annual Bonus earned but unpaid for the year
immediately prior to her termination date, and (3) a pro-rata
portion of any Annual Bonus she would otherwise have been entitled
to receive, based on actual performance for the year of the
termination.  Except in the event that Ms. Markoe's employment
terminates within twenty-four months after a change in control, any
continued Base Salary payments will be offset by compensation Ms.
Markoe receives from a new employer, and her right to continuing
medical benefits will cease immediately if she becomes eligible for
coverage under another group health plan.  To receive the benefits,
Ms. Markoe must sign a general release with the Company.

                       About J.Crew Group

New York-based J.Crew Group, Inc. -- http://www.jcrew.com/-- is an
internationally recognized omni-channel retailer of women's, men's
and children's apparel, shoes and accessories.  As of June 26,
2017, the Company operates 277 J.Crew retail stores, 118 Madewell
stores, jcrew.com, jcrewfactory.com, the J.Crew catalog,
madewell.com, and 179 factory stores  (including 39 J.Crew
Mercantile stores).  

For the year ended Jan. 28, 2017, J. Crew reported a net loss of
$23.51 million following a net loss of $1.24 billion for the year
ended Jan. 30, 2016.  

As of July 29, 2017, J Crew Group had $1.18 billion in total
assets, $2.35 billion in total liabilities and a total
stockholders' deficit of $1.17 billion.

                           *    *    *

As reported by the TCR on July 19, 2017, S&P Global Ratings raised
its corporate credit rating on J. Crew Group to 'CCC+' from 'SD'.
"The rating action follows our review of J. Crew capital structure
following the company's exchange of the unsecured PIK toggle notes
maturing in 2019.

J. Crew has a 'Caa2' Corporate Family Rating from Moody's Investors
Service.  J. Crew's 'Caa2' Corporate Family Rating reflects its
weak operating performance and high debt burden, with
Moody's-adjusted debt/EBITDA of 7.8 times (credit agreement
debt/EBITDA of 10.3 times) and EBIT/interest expense of 0.6 times
pro-forma for the debt exchange.


JJS IN THE DESERT: Creditors Consent to Cash Collateral Use
-----------------------------------------------------------
Judge Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada authorized JJs In The Desert One, LLC to use the
cash collateral generated by its operations, nunc pro tunc to the
Petition Date.

The Debtor is also authorized to use cash collateral to pay costs,
fees and expenses related to the administration of this Chapter 11
case, and any other administrative expenses approved by the Court.

Secured Creditors Stearns Bank, US Bank, ARF Financial, and
RAJARATAKA, LLC have all consented to the Debtor's use of its cash
collateral.

Judge Beesley directed the Debtor to pay to the State of Nevada
adequate protection payments of $175 per month. Such funds will not
come from funds already held in trust by the Debtor to pay ongoing,
post-petition sales and use taxes to the State of Nevada.

A full-text copy of the Order, dated Sept. 5, 2017, is available at
https://is.gd/v86ZC1

The State of Nevada is represented by:

           Robert E. Werbicky, Esq.
           Deputy Attorney General
           555 E. Washington Avenue, Suite 3900
           Las Vegas, Nevada 89101

                  About JJS In The Desert One

JJs In The Desert One, LLC, owns and operates one Jimmy Johns
gourmet sandwich restaurant located in Las Vegas, Nevada.

JJs In The Desert One sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 17-13269) on June 16,
2017.  Veronica R. Turner, manager, signed the petition.  

The Debtor estimated assets of less than $50,000 and liabilities of
less than $1 million.

Bryan M. Viellion, Esq., at Kaempfer Crowell, serves as the
Debtor's bankruptcy counsel.


LA CONTESSA: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: La Contessa, Inc.
        781 5th Avenue
        New York, NY 10022

Type of Business: La Contessa, Inc. is a privately-held
                  company in the personal care services
                  industry.  It previously sought bankruptcy
                  protection on Feb. 25, 2015 (Bankr. S.D.N.Y.
                  Case No. 15-10414).

Chapter 11 Petition Date: September 20, 2017

Case No.: 17-21549

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Debtor's Counsel: Jon Polenberg, Esq.
                  BECKER & POLIAKOFF, P.A.
                  1 East Broward Blvd., Suite 1800
                  Fort Lauderdale, FL 33301
                  Tel: 954-364-6037
                  Fax: 954-985-4176
                  E-mail: jpolenberg@bplegal.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas M. Priano, vice president.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

              http://bankrupt.com/misc/paeb17-21549.pdf

A full-text copy of the Debtor's petition is available free of
charge at:

              http://bankrupt.com/misc/paeb17-21549_petition.pdf


LEVERETTE TILE: Seeks Authority to Continue Using Cash Collateral
-----------------------------------------------------------------
Leverette Tile, Inc., d/b/a Leverette Home Design Center, seeks
authority from the U.S. Bankruptcy Court for the Middle District of
Florida for continued use of cash collateral in the regular course
of its business and in order to pay its expenses so that it may
continue to operate as a going concern.

The Debtor claims that the continued operations will produce
substantial revenues for the Debtor and is the funding mechanism
for the Debtor's reorganization efforts and for the Debtor to pay
its debt service. On average the Debtor believes that it will be
able to generate approximately $350,000 in gross revenue per
month.

The Debtor is indebted to American Express Bank, FSB in the
approximate amount of $124,381 in connection with a merchant
services agreement. American Express has a first position lien on
the Debtor's personal property.

Additionally, the Debtor is indebted to Funding Circle, a/k/a FC
Market Place, LLC in the amount of approximately $351,958 in
connection with a merchant services agreement.  Funding Circle has
a second position lien on the Debtor's personal property.

The Debtor estimates that the value of its personal property is
approximately $392,101 (subject to appraisal), with approximately
$16,332 in cash and $151,548 in receivables.

Neither American Express nor Funding Circle have consented to the
Debtor's use of cash collateral but the Debtor's counsel will
endeavor to obtain such consent.

A full-text copy of the Debtor's Motion, dated Sept. 5, 2017, is
available at https://is.gd/TSqiLi

                      About Leverette Tile

Leverette Tile, Inc., based in Hudson, Florida, is a kitchen and
bath remodeling contractor and a granite countertop and cabinet
fabricator.

Leverette Tile filed a Chapter 11 petition (Bankr. M.D. Fla. Case
No. 17-07840) on Sept. 5, 2017.  The petition was signed by Brian
Leverette, president.  In its petition, the Debtor estimated
$100,000 to $500,000 in assets and $1 million to $10 million in
liabilities.

Alberto F. Gomez, Jr., Esq., at Johnson Pope Bokor Ruppel & Burns,
LLP, serves as bankruptcy counsel to the Debtor.


LMC MEDICAL: Claims in Chapter 727 Case Due Dec. 20
---------------------------------------------------
LMC Medical Supplies, Inc., d/b/a LMC Pharmacy, filed on August 22,
2017, a petition commencing an assignment for the benefit of
creditors pursuant to Chapter 727, Florida Statutes, to Ross R.
Hartog.

Pursuant to Section 727.105, Florida Statutes: (a) proceedings may
not be commenced against the Assignee except as provided in Chapter
727, Florida Statutes, and (b) except in the case of a consensual
lienholder enforcing its rights in collateral, there shall be no
levy, execution, attachment, or the like in the respect of any
judgment against assets of the estate, other than real property, in
the possession, custody, or control of the Assignee.

LMC Medical Supplies, Inc. d/b/a LMC Pharmacy -- the Assignor --
has its principal place of business at 1090 Holland Drive, Suite 3,
Boca Raton, FL 33487.

Ross R. Hartog, as the Assignee, may be reached at:

     Ross R. Hartog
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, FL 33301

To receive any dividend in this proceeding, parties-in-interest
must file a proof of claim with the Assignee on or before December
20, 2017.

The Assignee is represented by:

     GRACE E. ROBSON, Esq.
     MARKOWITZ, RINGEL, TRUSTY & HARTOG, P.A.
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, Florida 33301
     Tel: (954) 767-0030
     Fax: (954) 767-0035
     E-mail: litservice@mrthlaw.com
             grobson@mrthlaw.com

The case is, In re: ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF LMC
MEDICAL SUPPLIES, INC. d/b/a LMC Pharmacy, a Florida corporation,
Assignor, To: ROSS R. HARTOG, Assignee, Case No.
17-CA-009476-XXXX-MB, in the Circuit Court of the 15th Judicial
Circuit in and for Palm Beach County, Florida.


LOVE GRACE: Has Final Authorization to Use Cash Collateral
----------------------------------------------------------
Judge Douglas D. Dodd the U.S. Bankruptcy Court for the Middle
District of Louisiana issued a final order authorizing Love Grace
Holdings, Inc., to use cash collateral in accordance with a
budget.

As adequate protection for its use of the cash collateral of Home
Bank and Carlos Padial Jr., the Debtor is directed to:

     (a) maintain its inventory at $400,000 based on cost;

     (b) on a weekly basis, pay in full Mr. Padial's credit card
debt for postpetition inventory purchases used to purchase
inventory provided an equal amount of inventory is acquired for the
Debtor; and

     (c) give to Home Bank and Mr. Padial a replacement lien on
after acquired inventory in the same rank and priority as Home Bank
and Mr. Padial currently possess and subject to any
debtor-in-possession that this court may approve.

The Debtor's right to use Cash Collateral shall automatically and
immediately terminate upon the occurrence of any of the following
event of default:

     (a) The Debtor will suffer the appointment of a trustee or
examiner with expanded power;

     (b) The Debtor's Chapter 11 case is converted to a case under
chapter 7 of the Bankruptcy Code, or Debtor files a motion to
convert its chapter 11 Case to a case under chapter 7 of the
Bankruptcy Code; or

     (c) The Debtor fails to maintain $400,000 inventory at cost.

A full-text copy of the Final Order, dated September 5, 2017, is
available at https://is.gd/1SNKYd

                    About Love Grace Holdings

Love Grace Holdings, Inc., doing business as Apricot Lane and Blu
Spero Boutique, operates a series of retail clothing outlets in
malls.  The locations are in Florida, Alabama, Louisiana and
Mississippi.

Love Grace Holdings filed a Chapter 11 petition (Bankr. M.D. La.
Case No. 17-10057) on Jan. 20, 2017.  The petition was signed by
Arthur A. Lancaster, Jr., president and sole shareholder.  The
Debtor estimated assets and liabilities at $1 million to $10
million.

The case is assigned to Judge Douglas D. Dodd.

The Debtor is represented by Greta M. Brouphy, Esq., and Douglas S.
Draper, Esq., at Heller, Draper, Patrick, Horn & Dabney, LLC.

On Feb. 6, 2017, the U.S. trustee for Region 5 appointed an
official committee of unsecured creditors.  The committee members
are: (1) GGP Limited Partnership; (2) Intex Flooring, LLC; and (3)
Douglas Kampen.  The Committee retained Paul Douglas Stewart, Jr.,
Esq., at Stewart Robbins & Brown, LLC, as its legal counsel.

No trustee or examiner has been appointed or designated in the
case.


MAXIMUS III: Hires Michael A. Partlow as Chapter 11 Counsel
-----------------------------------------------------------
Maximus III Properties, LLC, seeks approval from the United States
Bankruptcy Court for the Northern District of Ohio, Youngstown
Division, to employ Michael A. Partlow as its bankruptcy counsel.

The services Mr. Partlow will render are:

     a. give the Debtor legal advice with respect to its powers and
duties in the continued operation of the business and management of
its property;

     b. prosecute any necessary litigation on behalf of the
Debtor;

     c. represent Debtor in connection with all matters that may be
filed in the Court;

     d. prepare on behalf of the Debtor all petitions,
applications, answers, orders, reports and other papers and
pleadings; and

     e. perform all other legal services for the Debtor.

Mr. Partlow attests that he represents no other entity in
connection with this case, is believed to be disinterested as the
term is defined in 11 U.S.C. Sec. 101(14), and represents and holds
no interest adverse to the interest of the estate with respect to
the matters for which he is to be employed.

A total of $7,500, including filing fees, was paid to Mr. Partlow
for prepetition services relating to the bankruptcy cases.  Mr.
Partlow's current billing rate is $225.00 per hour.

The Counsel can be reached through:

     Michael A. Partlow, Esq.
     112 South Water Street, Suite C
     Kent, OH 44240
     Tel: 330-400-2290
     Fax: 888-707-5871
     E-mail: partlowlaw@aol.com  

                   About Maximus III Properties

Maximus III Properties LLC is a Nevada limited liability company
whose principal assets are located at 408 Dana Street, Warren, OH,
44483.  The Debtor filed a Chapter 11 petition (Bankr. N.D. Ohio
Case No. 17-41723) on September 7, 2017.  The petition was signed
by Sergio DiPaolo, managing member.

The Hon. Kay Woods presided over the case.  The Debtor is
represented by Michael A. Partlow, Esq. as counsel.

At the time of filing, the Debtor estimates $1 million to $10
million in assets and $100,000 to $500,000 in liabilities.


MCCLATCHY CO: Class A Common Stock Delisted from NYSE
-----------------------------------------------------
The McClatchy Company filed a Form 25 with the Securities and
Exchange Commission notifying the removal from listing of its Class
A Common Stock, $0.01 par value per share, on the New York Stock
Exchange.  The Company approved the voluntary transfer of the
listing of the Company's Class A common stock to the NYSE American
LLC from the New York Stock Exchange.

                         About McClatchy

The McClatchy Company -- http://www.mcclatchy.com/-- is publisher
of iconic brands such as the Miami Herald, The Kansas City Star,
The Sacramento Bee, The Charlotte Observer, The (Raleigh) News &
Observer, and the (Fort Worth) Star-Telegram.  McClatchy operates
30 media companies in 29 U.S. markets in 14 states, providing each
of its communities with high-quality news and advertising services
in a wide array of digital and print formats.  McClatchy is
headquartered in Sacramento, Calif., and listed on the New York
Stock Exchange under the symbol MNI.

McClatchy reported a net loss of $34.19 million for the year ended
Dec. 25, 2016, compared to a net loss of $300.16 million for the
year ended Dec. 27, 2015.

As of June 25, 2017, the Company had $1.68 billion in total assets,
$1.68 billion in total liabilities, and a $8.74 million
stockholders' deficit.

                          *     *     *

McClatchy continues to hold Moody's Investors Service's "Caa1"
corporate family rating.  In December 2015, Moody's affirmed the
"Caa1" corporate family rating rating and changed the rating
outlook to stable from positive due to continued weakness in the
print advertising market and the ongoing pressure on the company's
operating cashflow.

McClatchy continues to hold Standard & Poor's "B-" corporate credit
rating (outlook stable).  As reported by the TCR on April 2, 2014,
S&P affirmed all ratings on McClatchy including the 'B-' corporate
credit rating, and revised the rating outlook to stable from
positive.  The outlook revision to stable reflected S&P's
expectation that the time-frame for a potential upgrade lies beyond
the next 12 months, and could also depend on the company realizing
value from its digital minority interests.


MD2U MANAGEMENT: Has Interim Approval to Use Cash Collateral
------------------------------------------------------------
Judge Joan A. Lloyd of the U.S. Bankruptcy Court for the Western
District of Kentucky authorized MD2U Management, LLC, and its
affiliates to continue to use on interim basis, in its ordinary
course of business, all of their prepetition accounts receivable
and any postpetition accounts receivable they generate during this
proceeding, pending further order of the Court.

The Cash Collateral Creditor will have, as adequate protection for
its claims of security for the use of the accounts receivable as
cash collateral of the Debtor, a security interest in the
following:

     (1) A continued security interest in and to all prepetition
accounts receivable of the Debtor.

     (2) A security interest in and to all postpetition accounts
receivable of the debtor and proceeds thereof.

     (3) A security interest in the inventory of the debtor and the
proceeds thereof.

     (4) To the extent the United States' interest and set off
rights in the Medicare Receivables have been or will be reduced by
payments made by the United States to the Debtor on or after the
Petition Date, the United States will have set-off rights against
any postpetition payments of Medicare Receivables, to the same
extent the United States has set-off rights against the prepetition
Medicare Receivables as of the Petition Date.

A full-text copy of the Order, dated Sept. 5, 2017, is available at
https://is.gd/TIsY3a

Byline Bank is represented by:

          Bradley Salyer, Esq.
          Morgan & Pottinger, P.S.C.
          401 South Fourth St., Suite 1200
          Louisville, KY 40202

The United States is represented by:

          Katherine Bell, Esq.
          Assistant U.S. Attorney
          U.S. Attorney's Office, W.D. KY.
          717 West Broadway
          Louisville, KY 40202

The U.S. Trustee is represented by:

          Tyler R. Yeager, Esq.
          OFFICE OF THE U.S. TRUSTEE
          601 W. Broadway, Suite 512
          Louisville, Kentucky 40202
          Telephone: 502-582-6000 x223

                       About MD2U Management

Founded in 2010 and based in Louisville, Kentucky MD2U Management,
LLC -- http://www.md2u.com/-- provides home-based primary medical
care services for chronic and acute illnesses.  The Company offers
adult primary care, medication management, post discharge visits,
wound care visits, mental and behavioral healthcare, mobility
assessments, home medical equipment assessments, end of life care,
and mental health services.  It serves to home-bound or
home-limited patients in Kentucky, Indiana, Ohio and North
Carolina.

MD2U Management LLC and its affiliates MD2U Kentucky LLC, MD2U
Indiana LLC, and MD2U North Carolina LLC each filed separate
Chapter 11 petition (Bankr. W.D. Ky. Case Nos. 17-32761 to
17-32764) on Aug. 29, 2017.  The cases are jointly administered.
The petitions were signed by Joel Coleman, president.  

MD2U Management estimated $500,000 to $1 million in assets and $1
million to $10 million in debt.  MD2U Kentucky estimated between $1
million and $10 million in assets, and $500,000 to $1 million in
debt.

The Debtors are represented by Charity Bird Neukomm, Esq., at
Kaplan & Partners LLP.


MED-CARE DIABETIC: Claims in Chapter 727 Case Due Dec. 15
---------------------------------------------------------
Med-Care Diabetic & Medical Supplies, Inc., filed on Aug. 17, 2017,
a petition commencing an assignment for the benefit of creditors
pursuant to Chapter 727, Florida Statutes, to Ross R. Hartog.

Pursuant to Section 727.105, Florida Statutes: (a) proceedings may
not be commenced against the Assignee except as provided in Chapter
727, Florida Statutes, and (b) except in the case of a consensual
lienholder enforcing its rights in collateral, there shall be no
levy, execution, attachment, or the like in the respect of any
judgment against assets of the estate, other than real property, in
the possession, custody, or control of the Assignee.

Med-Care Diabetic has its principal place of business at 6500 East
Rogers Circle, Suite A, Boca Raton, FL 33487.

Ross R. Hartog, as the Assignee, may be reached at:

     Ross R. Hartog
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, FL 33301

To receive any dividend in this proceeding, parties-in-interest
must file a proof of claim with the Assignee on or before Dec. 15,
2017.

The Assignee is represented by:

     GRACE E. ROBSON, Esq.
     MARKOWITZ, RINGEL, TRUSTY & HARTOG, P.A.
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, Florida 33301
     Tel: (954) 767-0030
     Fax: (954) 767-0035
     E-mail: litservice@mrthlaw.com
             grobson@mrthlaw.com

The case is, In re: ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF
MED-CARE DIABETIC & MEDICAL SUPPLIES, INC., a Florida corporation,
Assignor, To: ROSS R. HARTOG, Assignee, Case No.
17-CA-009295-XXXX-MB, in the Circuit Court of the 15th Judicial
Circuit in and for Palm Beach County, Florida.


MED-CARE INC: Claims in Chapter 727 Case Due Dec. 20
----------------------------------------------------
Med-Care, Inc., filed on Aug. 22, 2017, a petition commencing an
assignment for the benefit of creditors pursuant to Chapter 727,
Florida Statutes, to Ross R. Hartog.

Med-Care, Inc. as Assignor, has its principal place of business at
1470 Silver Creek Road, Lewisberg, TN 37091.

Pursuant to Section 727.105, Florida Statutes: (a) proceedings may
not be commenced against the Assignee except as provided in Chapter
727, Florida Statutes, and (b) except in the case of a consensual
lienholder enforcing its rights in collateral, there shall be no
levy, execution, attachment, or the like in the respect of any
judgment against assets of the estate, other than real property, in
the possession, custody, or control of the Assignee.

Ross R. Hartog, as the Assignee, may be reached at:

     Ross R. Hartog
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, FL 33301

To receive any dividend in this proceeding, parties-in-interest
must file a proof of claim with the Assignee on or before December
20, 2017.

The Assignee is represented by:

     GRACE E. ROBSON, Esq.
     MARKOWITZ, RINGEL, TRUSTY & HARTOG, P.A.
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, Florida 33301
     Tel: (954) 767-0030
     Fax: (954) 767-0035
     E-mail: litservice@mrthlaw.com
             grobson@mrthlaw.com

The case is, In re: ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF
MED-CARE, INC., a Tennessee corporation, Assignor, To: ROSS R.
HARTOG, Assignee, Case No. 17-CA-009481-XXXX-MB, in the Circuit
Court of the 15th Judicial Circuit in and for Palm Beach County,
Florida.


MED-CARE MEDICAL: Claims in Chapter 727 Case Due Dec. 20
--------------------------------------------------------
Med-Care Medical & Pharmacy, Inc., filed on Aug. 22, 2017, a
petition commencing an assignment for the benefit of creditors
pursuant to Chapter 727, Florida Statutes, to Ross R. Hartog.

Pursuant to Section 727.105, Florida Statutes: (a) proceedings may
not be commenced agains t the Assignee except as provided in
Chapter 727, Florida Statutes, and (b) except in the case of a
consensual lienholder enforcing its rights in collateral, there
shall be no levy, execution, attachment, or the like in the respect
of any judgment against assets of the estate, other than real
property, in the possession, custody, or control of the Assignee.

Med-Care Medical has its principal place of business at 50 Commerce
Street, Unit 2, Brevard, NC 28412.

Ross R. Hartog, as the Assignee, may be reached at:

     Ross R. Hartog
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, FL 33301

To receive any dividend in this proceeding, parties-in-interest
must file a proof of claim with the Assignee on or before December
20, 2017.

The Assignee is represented by:

     GRACE E. ROBSON, Esq.
     MARKOWITZ, RINGEL, TRUSTY & HARTOG, P.A.
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, Florida 33301
     Tel: (954) 767-0030
     Fax: (954) 767-0035
     E-mail: litservice@mrthlaw.com
             grobson@mrthlaw.com

The case is, In re: ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF
MED-CARE MEDICAL & PHARMACY, INC., a North Carolina corporation,
Assignor, To: ROSS R. HARTOG, Assignee, Case No.
17-CA-009478-XXXX-MB, in the Circuit Court of the 15th Judicial
Circuit in and for Palm Beach County, Florida.


MESOBLAST LIMITED: Completes A$50.7 Million Entitlement Offer
-------------------------------------------------------------
Mesoblast Limited announced it had successfully completed the fully
underwritten 1 for 12 pro-rata accelerated non-renounceable
entitlement offer raising approximately A$50.7 million (Entitlement
Offer).  After adjusting for total net proceeds from the
Entitlement Offer, Mesoblast had cash reserves of US$84.0 million
on a pro-forma basis as of June 30, 2017.  The proceeds from the
Entitlement Offer and existing cash reserves will ensure Mesoblast
is fully funded to complete/advance its near term objectives.

Mesoblast Chief Executive Dr Silviu Itescu said: "We appreciate the
strong support from both our institutional and retail shareholders.
Mesoblast's strengthened cash reserves will provide strategic
flexibility in line with upcoming important clinical trial
readouts."

                   Retail Entitlement Offer

The retail component of the Entitlement Offer (Retail Entitlement
Offer) under which eligible retail shareholders were able to take
up their pro rata entitlement and apply for additional new shares
closed on Sept. 12, 2017.

The Retail Entitlement Offer was fully underwritten by Bell Potter
Securities Limited, and there was strong take up by eligible retail
shareholders, including applications for additional new shares
under the top up facility.

New shares to be issued in relation to the final acceptance under
the Retail Entitlement Offer (including additional new shares) are
expected to be allotted on Sept. 18, 2017 and commenced trading on
a normal settlement basis on Sept. 19, 2017.  Holding statements
were expected to be dispatched on Sept. 19, 2017.

                        About Mesoblast

Mesoblast Limited (ASX:MSB; Nasdaq:MESO) is a global developer of
innovative cell-based medicines.  The Company has leveraged its
proprietary technology platform, which is based on specialized
cells known as mesenchymal lineage adult stem cells, to establish a
broad portfolio of late-stage product candidates.  Mesoblast's
allogeneic, 'off-the-shelf' cell product candidates target advanced
stages of diseases with high, unmet medical needs including
cardiovascular conditions, orthopedic disorders, immunologic and
inflammatory disorders and oncologic/hematologic conditions.

Mesoblast Limited reported a net loss before income tax of US$90.21
million for the year ended June 30, 2017, compared to a net loss
before income tax of US$90.82 million for the year ended June 30,
2016.  

As of June 30, 2017, Mesoblast had US$655.7 million in total
assets, US$138.9 million in total liabilities and US$516.8 million
in total equity.

PricewaterhouseCoopers, in Melbourne, Australia, issued a "going
concern" opinion on the consolidated financial statements for the
year ended June 30, 2017, noting that Company has suffered
recurring losses from operations that raise substantial doubt about
its ability to continue as a going concern.


MICRON TECHNOLOGY: Egan-Jones Raises Sr. Unsec. Debt Ratings to BB+
-------------------------------------------------------------------
Egan-Jones Ratings Company, on July 26, 2017, hiked the senior
unsecured ratings on debt issued by Micron Technology Inc. to BB+
from BB.

Micron Technology is an American global corporation based in Boise,
Idaho which produces many forms of semiconductor devices, including
dynamic random-access memory, flash memory, and solid-state drives.


MRI INTERVENTIONS: Satterfield Holds 5.7% Stake as of Sept. 18
--------------------------------------------------------------
Thomas A. Satterfield, Jr. disclosed in a Schedule 13G filed with
the Securities and Exchange Commission that as of Sept. 18, 2017,
he beneficially owns 586,855 shares of common stock of MRI
Interventions, Inc., which constitutes 5.7 percent of the shares
outstanding.  The percentage is based on 10,339,210 shares of
Common Stock of the Company outstanding as of Aug. 18, 2017, as
reported by the issuer in its Definitive Proxy Statement on
Schedule 14A, filed with the Securities and Exchange Commission on
Sept. 5, 2017.

With respect his beneficial ownership, 100,000 shares are held by
Tomsat Investment & Trading Co., Inc., a corporation wholly owned
by Mr. Satterfield and of which he serves as president; 186,855
shares are held by Caldwell Mill Opportunity Fund, which fund is
managed by an entity of which Mr. Satterfield owns a 50% interest
and serves as Chief Investment Manager; and 250,000 shares are held
by A.G. Family L.P., a limited partnership with respect to which
Mr. Satterfield has a limited power of attorney for voting and
disposition purposes but that has the right to receive or the power
to direct the receipt of the proceeds from the sale of its shares.

A full-text copy of the regulatory filing is available at:

                     https://is.gd/IzjxdX

                   About MRI Interventions

Based in Irvine, Calif., MRI Interventions, Inc. --
http://www.mriinterventions.com/-- is a medical device company
focused on the development and commercialization of technology that
enables physicians to see inside the brain and heart using direct,
intra-procedural magnetic resonance imaging guidance while
performing minimally invasive surgical procedures.  The Company was
incorporated in the state of Delaware in March 1998.  The Company's
principal executive office and principal operations are located in
Irvine, California.  The Company established MRI Interventions
(Canada) Inc., a wholly-owned subsidiary incorporated in Canada, in
August 2013.  This subsidiary was established primarily for the
purpose of performing software development, and its activities are
reflected in these condensed consolidated financial statements.

MRI Interventions incurred a net loss of $8.06 million in 2016,
compared to a net loss of $8.44 million in 2015.  

As of June 30, 2017, MRI Interventions had $16.85 million in total
assets, $8.32 million in total liabilities and $8.52 million in
total stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company incurred net
losses during the years ended Dec. 31, 2016, and 2015 of
approximately $8.1 million and $8.4 million, respectively.
Additionally, the stockholders' deficit at Dec. 31, 2016, was
approximately $756,000.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


NATIONAL TRUCK: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
Henry G. Hobbs, Jr., Acting U.S. Trustee for Region 5, on Sept. 19
appointed three creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of National Truck
Funding, LLC.

The committee members are:

     (1) Yolo Capital, Inc.
         Maureen Brandner Muller
         6 LaRue Court
         Candler, NC 28715
         Tel: (985) 869-0265

     (2) Hannah Baby, LLC
         Michael Brandner
         1509 Kuebel Street
         Harahan, LA 70123
         Tel: (504) 616-6405

     (3) Kevin C. Faerber
         305A Old West Point Road
         Starkville, MS 39750
         Tel: (662) 769-6445

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                  About National Truck Funding

Headquartered in Gulfport, Mississippi, National Truck Funding, LLC
-- http://nationaltruckfunding.com/-- retails and rents trucks.  
It operates as a subsidiary of American Truck Group, LLC --
http://americantruckgroup.com/.

National Truck and American Truck sought Chapter 11 protection
(Bankr. S.D. Miss. Case Nos. 17-51243 and 17-51244) on June 25,
2017.  The petitions were signed by Louis J. Normand, Jr.,
manager.

National Truck estimated its assets and liabilities at $10 million
to $50 million.  American Truck estimated its assets and
liabilities at $1 million to $10 million.

Judge Katharine M. Samson presides over the cases.  The Debtors
hired Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as bankruptcy
counsel; Wessler Law Firm as local counsel; Lefoldt & Company PA as
accountant; and Chaffe & Associates as restructuring advisor and
investment banker.


NAVISTAR INTERNATIONAL: Extends Maturity of Revolving Loans to 2021
-------------------------------------------------------------------
Navistar Financial Corporation, on Sept. 18, 2017, entered into an
amendment no. 1 to the Third Amended and Restated Credit Agreement,
dated as of May 27, 2016, by and among NFC and Navistar Financial,
S.A. de C.V., Sociedad Financiera De Objeto Multiple, Entidad
Regulada, a Mexican corporation, as borrowers, the lenders party
thereto, JPMorgan Chase Bank, N.A., as administrative agent, and
Bank of America, N.A., as syndication agent, pursuant to which (i)
the interest rates and commitment fee percentages applicable to
revolving loans with respect to extended revolving commitments were
reduced, (ii) the revolving maturity date was extended to Sept. 18,
2021, (iii) the swingline facility was increased to $50 million,
(iv) the definition of "Change in Control" was revised to include
Volkswagen AG and its affiliates as permitted holders, (v) the
definition of "Permitted Investments" was revised, (vi) a dividend
and investment basket of up to $150,000,000, depending upon the
amount of acceptable additional indebtedness incurred by the
borrowers or NFC's subsidiaries, was added and (vii) provisions to
address the planned elimination of LIBOR were added.

The Amendment reduces the interest rates applicable to revolving
loans with respect to extended revolving commitments by
approximately 0.75% to 1.25% and the commitment fee percentages
applicable to revolving loans with respect to extended revolving
commitments by approximately 0.125% to 0.375%, in each case,
depending upon the ratings of Navistar International Corporation
and NFC.  Under the terms of the Amendment (i) the interest rate on
revolving loans with respect to extended revolving commitments is
based, at the borrower's option, on an adjusted eurodollar rate,
plus a margin of 2.25% to 4.00%, or a base rate, plus a margin of
1.25% to 3.00%, and (ii) the commitment fee percentage applicable
to revolving loans with respect to extended revolving commitments
is 0.375% to 0.625%.  In connection with the Amendment, NFC paid
certain fees, the total of which NFC does not believe is material
to its financial position or results of operations.

A full-text copy of the Amended Credit Agreement is available for
free at https://is.gd/gdydR7

                       About Navistar

Lisle, Illinois-based Navistar International Corporation (NYSE:
NAV) -- http://www.navistar.com/-- is a holding company whose
subsidiaries and affiliates produce International brand commercial
and military trucks, proprietary diesel engines, and IC Bus brand
school and commercial buses.  An affiliate also provides truck and
diesel engine service parts.  Another affiliate offers financing
services.

Navistar reported a net loss attributable to the Company of $97
million on $8.11 billion of net sales and revenues for the year
ended Oct. 31, 2016, compared with a net loss attributable to the
Company of $184 million on $10.14 billion of net sales and revenues
for the year ended Oct. 31, 2015.  

As of July 31, 2017, Navistar had $6.08 billion in total assets,
$11 billion in total liabilities, and a total stockholders' deficit
of $4.92 billion.

                          *     *     *

Navistar carries a 'B3' Corporate Family Rating (CFR) and stable
outlook from Moody's.  Moody's said in January 2017 that Navistar's
ratings reflects the continuing challenges the company faces in
re-establishing its competitive position and profitability in the
North American medium and heavy truck markets.

In March 2017, S&P Global Ratings said it raised its corporate
credit ratings on Navistar to 'B-' from 'CCC+'.  The outlook is
stable.  The upgrade follows Navistar's strategic alliance with
Volkswagen Truck & Bus, which includes Volkswagen Truck & Bus'
16.6% equity stake in Navistar, definitive agreements for the two
companies to collaborate on technology, and the formation of a
procurement JV.

In March 2017, Fitch Ratings upgraded the Issuer Default Ratings
for Navistar one notch to 'B-' from 'CCC' and removed the ratings
from Rating Watch Positive.  The upgrade reflects improved
prospects for NAV's financial performance due to its alliance with
VW T&B.


NEONODE INC: Appoints Two New Members to Board of Directors
-----------------------------------------------------------
Andreas Bunge and Ulf Rosberg were appointed as members of the
Board of Directors of Neonode Inc., on Sept. 13, 2017.  Mr. Bunge
will serve as a Class I director and Mr. Rosberg will serve as a
Class II director.

Mr. Bunge, age 57, since 2015 has been chief executive officer of
Merkatura AB, a private holding company, and provides business
consulting for technology companies. Between 2012 and 2015, he
served as chief executive officer of Spago Nanomedical AB (formerly
Spago Imaging AB) until its public listing on the NASDAQ OMX Nordic
stock exchange.  Between 2005 and 2012, Mr. Bunge founded and
served as chief executive officer of Accelerator Nordic AB, which
spun-off Spago Imaging in 2012.  Prior to Accelerator Nordic, he
founded and served as chief executive officer of Applied Sensor AB
and held various managerial positions at Intentia AB.  He also has
served as a member of the boards of directors of numerous companies
during the past 15 years.  Mr. Bunge has an MSc in Engineering and
Management from Linkoping University.

Mr. Rosberg, age 52, currently serves as chief executive officer of
UMR Invest AB, a private holding company, and as Chairman of Payair
Technologies AB.  He previously served in various leadership
positions at Nordic Capital AB from 1994 until June 2017, including
as investment manager, director, partner, and most recently as
senior advisor since 2012.  Prior to joining Nordic Capital, Mr.
Rosberg held corporate finance positions with SEB Investment
Banking and Leimdorfer & Partners.  He has an M.Sc. in Economics
from the Stockholm School of Economics and a degree with a major in
finance from New York University, Stern School of Business in New
York.

Subsequent to the 2017 Annual Meeting of Stockholders to be held on
Oct. 3, 2017, the Board of Directors anticipates determining on
which committee(s) Messrs. Bunge and Rosberg will serve.  As
directors, Messrs. Bunge and Rosberg will be entitled to
compensation for their service in the same manner as other members
of the Board of Directors.

The appointment of Messrs. Bunge and Rosberg was made as a result
of a Securities Purchase Agreement dated Aug. 2, 2017, pursuant to
which the purchasers of a majority of the securities became
entitled to designate up to two individuals to join the Board of
Directors no later than the 2017 Annual Meeting of Stockholders.
Messrs. Bunge and Rosberg were the designees.  The Securities
Purchase Agreement does not provide the majority purchasers with
any ongoing representation.  Subsequent to the initial appointment
to the Board of Directors, Messrs. Bunge and Rosberg are not
assured of being nominated for election at a future annual meeting
of stockholders.  In the event either Messrs. Bunge or Rosberg
cease to serve as director for any reason, the Board of Directors
is not obligated under the Securities Purchase Agreement to appoint
any replacement individual to fill the vacancy.

Entities controlled by Messrs Bunge and Rosberg were among the
purchasers of Neonode common stock at $1.00 per share and warrants
with an exercise price of $2.00 per share, exercisable 12 months
from the date of issuance until expiration three years from the
date of issuance, in the Securities Purchase Agreement dated Aug.
2, 2017.  Specifically, Mr. Bunge beneficially acquired 750,000
shares of common stock and a warrant to purchase 250,000 additional
shares of common stock, and Mr. Rosberg beneficially acquired
3,500,000 shares of common stock and a warrant to purchase
1,166,667 additional shares of common stock.  Mr. Bunge and Mr.
Rosberg thereby beneficially own 1.3% and 6.0%, respectively, of
shares of Neonode common stock.  As a result, all current directors
and executive officers of Neonode and nominees for election at the
2017 Annual Meeting of Stockholders beneficially own 11,653,681
shares, representing 19.6%, of Neonode common stock.

                        About Neonode

Neonode Inc. (NASDAQ: NEON) -- http://www.neonode.com/-- develops
and licenses optical interactive sensing technologies.  Neonode's
patented optical interactive sensing technology is developed for a
wide range of devices like automotive systems, printers, PC
devices, monitors, mobile phones, tablets and e-readers.  The
Company's principal executive office is located in Stockholm,
Sweden.  Its office in the United States is located in San Jose,
California.

Neonode, formerly known as SBE, Inc., was incorporated in the State
of Delaware on Sept. 4, 1997.  SBE's name was changed to Neonode
Inc. upon the completion of a merger on Aug. 10, 2007, between SBE
and the parent company of Neonode AB, a company founded in February
2004 and incorporated in Sweden.  As a result of the merger, the
business and operations of Neonode AB became the primary business
and operations of Neonode Inc.

Neonode incurred a net loss attributable to the Company of $5.29
million for the year ended Dec. 31, 2016, a net loss attributable
to the Company of $7.82 million for the year ended Dec. 31, 2015,
and a net loss attributable to the Company of $14.23 million for
the year ended Dec. 31, 2014.  

As of June 30, 2017, Neonode had $10.80 million in total assets,
$8.56 million in total liabilities and $2.23 million in total
stockholders' equity.

The Company has incurred significant operating losses and negative
cash flows from operations since its inception.  The Company
incurred net losses of approximately $1.0 million and $1.3 million
and $1.9 million and $2.7 million for the three and six months
ended June 30, 2017 and 2016, respectively, and had an accumulated
deficit of approximately $180.9 million and $179.0 million as of
June 30, 2017 and Dec. 31, 2016, respectively.  In addition,
operating activities used cash of approximately $3.0 million and
$2.1 million for the six months ended June 30, 2017 and 2016,
respectively.


NOAH WEBSTER: S&P Alters 2014/2015 Revenue Bonds Outlook to Stable
------------------------------------------------------------------
S&P Global Ratings revised its outlook to stable from negative
while affirming the 'BB' rating on the PIMA County Industrial
Development Authority, Ariz.'s series 2014 and 2015 charter school
revenue and revenue refunding bonds, issued on behalf of Noah
Webster Basic Schools Inc.  

"The revised outlook reflects our view of Noah Webster's at Noah
Webster Schools Pima campus (NWS-Pima), which is more in line with
projected expectations," said S&P Global Ratings credit analyst
Beatriz Peguero. "Furthermore, increased enrollment has led to
improved financial performance and lease-adjusted maximum annual
debt service coverage that we view as more in line with the current
rating."

S&P said, "Given the debt structure and security features, as
described below, we view all bonds as ultimately secured by the
revenues of Noah Webster Schools Mesa campus (NWS-Mesa, or the
obligated group). NWS-Mesa constitutes the majority of assets,
revenue, and enrollment of Noah Webster, and we view NWS-Mesa as
integral to the organization's identity and future strategy. As
such, based on our Group Rating Methodology criteria, released Nov.
19, 2013, the 'BB' rating is based on our view of Noah Webster's
'bb' rated group credit profile and the obligated group's core
status. Accordingly, the bonds are rated on par with the group
credit profile. All numbers in this report, unless indicated
otherwise, reflect the consolidated financials of Noah Webster,
including NWS-Mesa, NWS-Pima, and LAS School Foundation (LAS), a
501(c)(3) created to manage facilities and fundraising for the
organization. The rating applies only to the series 2014 and 2015
bonds and does not apply to Noah Webster as an organization. Our
analysis is based on fiscal 2016 audited and fiscal 2017
full-accrual unaudited results since management does not expect
material changes in the final audited presentation.

"We assessed Noah Webster's enterprise profile as adequate,
characterized by charters that are in good standing and in the
early years of their 15- and 20-year renewals, and strengthening
demand with growing enrollment and solid retention. We assessed
Noah Webster's financial profile as vulnerable, with weak
liquidity, a high debt burden and somewhat variable operating
performance on a full accrual basis, though fiscal 2017 unaudited
results demonstrate substantial improvement. We believe that,
combined, these credit factors lead to an indicative standalone
credit profile of 'bb' and a final rating of 'BB'."

The series 2015 bonds are secured by a lien on the state payments
received for NWS-Mesa on a parity basis with the unrated series
2011 bonds. The series 2014 bonds are secured by revenues of
NWS-Pima, and a series 2014 guarantee, which pledges NWS-Mesa
revenues to the 2014 bonds in the event NWS-Pima's revenues are
insufficient. NWS-Mesa's guarantee provides unconditional credit
substitution in a timely manner without the ability to reduce or
terminate the guarantee. S&P said, "As such, under our Guarantee
criteria, published Oct. 21, 2016, we look to NWS-Mesa's credit
profile in our analysis of the series 2014 bonds. The 2014
guarantee will remain in place until such time that a rating on the
2014 bonds would be maintained without the guarantee. Noah Webster
also has outstanding series 2011 bonds, which were originally
secured on a subordinate basis, but were elevated to parity status
so long as the guarantee from the 2014 bonds remains in effect."


OAKS OF PRAIRIE: Can Use Cash for September 2017 Expenses
---------------------------------------------------------
Judge Thomas M. Lynch of the U.S. Bankruptcy Court for the Northern
District of Illinois has authorized The Oaks of Prairie Point
Condominium Association to use cash collateral during the period
Sept. 1 to 30, 2017.

A status hearing on the cash collateral use will be held on Sept.
29, 2017, at 11:00 a.m.

The Debtor will pay Illinois State Bank the sum of $10,729 by Sept.
15, 2017.  The payments will be made from the Debtor's reserve
account at Illinois State Bank, to be creditor to the Debtor's
loan.

During the duration of the cash collateral court order, the Debtor
will not make any disbursements from or deposits to the
Debtor-in-Possession account currently located at Rockford Bank and
Trust.

In return for the Debtor's continued interim use of cash
collateral, the Lender is granted the following adequate
protection:

     (a) Illinois State Bank is granted a valid and perfected,
enforceable security interest in and to the Debtor's postpetition
accounts, assessments and other receivables which are no or
hereafter become property of the estate to the extent and priority
of its alleged prepetition liens, but only to the extent of any
diminution in the value of the assets during the period from the
commencement of the case through September 30, 2017.

     (b) The Debtor will permit Illinois State Bank to inspect its
books and records;

     (c) The Debtor will maintain and pay premiums for insurance to
cover all of its assets from theft and water damage;

     (d) The Debtor will make available to Illinois State Bank
evidence of that which constitutes its collateral or proceeds; and


     (e) The Debtor will properly maintain the Property in good
repair and properly manage such Property.

A full-text copy of the Order, dated Sept. 5, 2017, is available at
https://is.gd/L1dUYx

                About The Oaks of Prairie Point
                    Condominium Association

The Oaks of Prairie Point Condominium Association is an Illinois
corporation that owns and operates condominium buildings located in
Lake in the Hills, Illinois, known as "The Oaks of Prairie Point
Condominium".  

The Association sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ill. Case No. 16-80238) on Feb. 3,
2016, estimating assets and liabilities at $1 million to $10
million.  Donna Smith, property manager, signed the petition.

The case is assigned to Judge Thomas M. Lynch.

The Debtor is represented by Thomas W. Goedert, Esq., at Crane,
Heyman, Simon, Welch & Clar, in Chicago, Illinois.


OCEAN RIG: Announces Reversed Stock Split
-----------------------------------------
Ocean Rig UDW Inc. (NASDAQ:ORIG) said Sept. 19, 2017, that its
Board of Directors has determined to effect a 1-for-9,200 reverse
stock split of the Company's common shares.  At the Company's
annual general meeting of shareholders on April 24, 2017, the
Company's shareholders approved the reverse stock split and granted
the Board, or a duly constituted committee thereof, the authority
to determine the exact split ratio and proceed with the reverse
stock split.

The reverse stock split will take effect as of 5:00 P.M., New York
City time, on Sept. 21, 2017, and the Company's common stock will
start trading on a split-adjusted basis on Nasdaq as of the opening
of trading on September 22, 2017 under the existing trading symbol
"ORIG".  The new CUSIP number for the common stock following the
reverse stock split will be G66964118.

When the reverse stock split becomes effective, every 9,200 shares
of the Company's issued common stock will be automatically combined
into one share of common stock.  As of the date of this press
release, the Company had 82,586,851 common shares issued and
outstanding. Effecting the reverse stock split will reduce the
number of issued and outstanding common shares to approximately
8,976 shares (as may be adjusted due to rounding).

No fractional shares will be issued in connection with the reverse
split of the issued common stock. Shareholders of record who would
otherwise hold a fractional share of the Company's common stock
will receive a cash payment in lieu thereof at a price equal to
that fraction to which the shareholder would otherwise be entitled
multiplied by the closing price of the Company's common stock on
Nasdaq on Sept. 21, 2017.  Shareholders that hold shares through a
bank, broker, or nominee shall receive cash in lieu of fractional
shares, if any, determined in accordance with the policies of such
bank, broker, or nominee. Such shareholders may contact their bank,
broker or nominee for more information.

Shareholders with shares held in certificate form will receive
instructions from the Company's exchange agent, American Stock
Transfer & Trust Company, LLC, for exchanging their stock
certificates for a new certificate representing the shares of
common stock resulting from the reverse split.  Shareholders with
shares held in book-entry form or through a bank, broker, or other
nominee are not required to take any action and will see the impact
of the reverse stock split reflected in their accounts on or after
September 22, 2017.

Additional information about the reverse stock split may be found
in the Company's proxy statement furnished to the Securities and
Exchange Commission on Form 6-K on April 3, 2017, a copy of which
is available on the Commission's website at www.sec.gov.

                        About Ocean Rig

Ocean Rig UDW Inc. (NASDAQ: ORIG) -- http://www.ocean-rig.com/--
is an international offshore drilling contractor providing oilfield
services for offshore oil and gas exploration, development and
production drilling, and specializing in the ultra-deepwater and
harsh-environment segment of the offshore drilling industry.

On March 24, 2017, Ocean Rig UDW Inc., et al., filed winding up
petitions with the Cayman Court and issued summonses for the
appointment of joint provisional liquidators for the purpose of the
Restructuring.  By orders of the Cayman Court dated March 27, 2017,
Simon Appell and Eleanor Fisher were appointed as the JPLs and duly
authorized foreign representatives, and the Cayman Provisional
Liquidation Proceedings were commenced.

Simon Appell and Eleanor Fisher of AlixPartners, LLP, in their
capacities, as the joint provisional liquidators and authorized
foreign representatives, filed for Chapter 15 protection for Ocean
Rig and its affiliates (Bankr. S.D.N.Y. Lead Case No. 17-10736) on
March 27, 2017, to seek recognition of the Cayman proceedings.

The JPLs' U.S. counsel are Evan C. Hollander, Esq., and Raniero
D'Aversa Jr., Esq., at Orrick, Herrington & Sutcliffe LLP, in New
York.

                         *     *     *

On Sept. 15, 2017, the Grand Court of the Cayman Islands sanctioned
the schemes of arrangements of the Company and its subsidiaries,
Drill Rigs Holdings Inc. ("DRH"), Drillships Financing Holding Inc.
("DFH"), and Drillships Ocean Ventures Inc., ("DOV," and together
with UDW, DRH and DFH, the "Scheme Companies").  The terms of the
restructuring have therefore been approved by the Cayman Court.


OCEAN RIG: Cayman Court Sanctions Schemes of Arrangements
---------------------------------------------------------
Ocean Rig UDW Inc., an international contractor of offshore
deepwater drilling services, on Sept. 15, 2017, disclosed that the
Grand Court of the Cayman Islands has sanctioned the schemes of
arrangements (the "Schemes") of the Company and its subsidiaries,
Drill Rigs Holdings Inc. ("DRH"), Drillships Financing Holding Inc.
("DFH"), and Drillships Ocean Ventures Inc., ("DOV," and together
with UDW, DRH and DFH, the "Scheme Companies").  The terms of the
restructuring have therefore been approved by the Cayman Court. The
Scheme Companies have filed the sanction orders with the Registrar.
Therefore, in accordance with the requirements of the Schemes, the
Lodgment Date has now occurred.

A hearing has been scheduled for September 20, 2017 by the U.S.
Bankruptcy Court to consider the JPLs' motion (the "Enforcement
Motion") for entry of an order giving full force and effect to the
Schemes in the United States (the "Enforcement Order").  The
deadline for filing objections to the Enforcement Motion was
September 8, 2017.  No objections to the Enforcement Motion are
pending.

The Schemes affect only financial indebtedness.  Operations will
continue unaffected. Trade creditors and vendors will continue to
be paid in the ordinary course of business and will not be affected
by any of the Schemes.  Once the Restructuring Effective Date has
occurred, the Scheme Companies will be substantially deleveraged
through an exchange of approximately $3.7 billion principal amount
of debt for (i) new equity of the Company, (ii) approximately $288
million of cash, and (iii) $450 million of new secured debt.

Simon Appell on behalf of the JPLs of the Scheme Companies
commented: "We have reached a key milestone in the road to
completing the restructuring.  We thank all stakeholders who are
working hard to fulfil the final conditions of the Schemes and are
really pleased that the restructuring is progressing on schedule."

A copy of the Explanatory Statement, which contains the Schemes,
and other relevant documentation, as well as copies of all
pleadings and information regarding the Enforcement Motion, are
available through the website of Prime Clerk LLC, the Scheme
Companies' Information Agent at
https://cases.primeclerk.com/oceanrig.

                         About Ocean Rig

Ocean Rig UDW Inc. (NASDAQ: ORIG) -- http://www.ocean-rig.com/--
is an  international offshore drilling contractor providing
oilfield services for offshore oil and gas exploration, development
and production drilling, and specializing in the ultra-deepwater
and harsh-environment segment of the offshore drilling industry.

On March 24, 2017, Ocean Rig UDW Inc., et al., filed winding up
petitions with the Cayman Court and issued summonses for the
appointment of joint provisional liquidators for the purpose of the
Restructuring.  By orders of the Cayman Court dated March 27, 2017,
Simon Appell and Eleanor Fisher were appointed as the JPLs and duly
authorized foreign representatives, and the Cayman Provisional
Liquidation Proceedings were commenced.

Simon Appell and Eleanor Fisher of AlixPartners, LLP, in their
capacities, as the joint provisional liquidators and authorized
foreign representatives, filed for Chapter 15 protection for Ocean
Rig and its affiliates (Bankr. S.D.N.Y. Lead Case No. 17-10736) on
March 27, 2017, to seek recognition of the Cayman proceedings.

The JPLs' U.S. counsel are Evan C. Hollander, Esq., and Raniero
D'Aversa Jr., Esq., at Orrick, Herrington & Sutcliffe LLP, in New
York.


OCEAN RIG: Extraordinary General Meeting of Shareholders Nov. 3
---------------------------------------------------------------
Ocean Rig UDW Inc. (NASDAQ: ORIG) on Sept. 20, 2017, said it will
hold an Extraordinary General Meeting of Shareholders at the
Company's offices located at 3rd Floor Flagship Building, Harbour
Drive, Grand Cayman, Cayman Islands on Nov. 3, 2017 at 9:00 a.m.,
local time.

The Meeting is being held in connection with the previously
announced restructuring of the Company. At the Meeting,
shareholders of the Company will have the opportunity to vote on
the proposals to: (i) adopt the second amended and restated
memorandum and articles of association of the Company, (ii) reduce
the authorized share capital of the Company and (iii) redesignate
issued and unissued authorized common shares as class A common
shares (which the Company believes will continue to be traded on
NASDAQ under the symbol "ORIG") and class B common shares of the
Company, to reduce the number of unissued authorized preferred
shares of the Company and to cancel the remaining unissued
authorized common shares.

The Company's Board of Directors has fixed the close of business on
Monday, September 25, 2017, as the record date for the
determination of the shareholders entitled to receive notice and
vote at the Meeting or any adjournments or postponements thereof.

Formal notice of the Meeting, the Company's proxy statement and
other proxy related materials are expected to be sent to
shareholders on or about Thursday, Oct. 5, 2017.  Investors and
shareholders are urged to read the proxy materials when they become
available because they will contain the proposals to be considered
at the Meeting and other important information.  The proxy
statement will be also be furnished to the SEC on a Form 6-K and
available to shareholders without charge on the SEC's website
(www.sec.gov).  Copies of the proxy statement can also be obtained,
when available, without charge from the Company's Web site at
http://www.ocean-rig.com/

                        About Ocean Rig

Ocean Rig UDW Inc. (NASDAQ: ORIG) -- http://www.ocean-rig.com/--
is an international offshore drilling contractor providing oilfield
services for offshore oil and gas exploration, development and
production drilling, and specializing in the ultra-deepwater and
harsh-environment segment of the offshore drilling industry.

On March 24, 2017, Ocean Rig UDW Inc., et al., filed winding up
petitions with the Cayman Court and issued summonses for the
appointment of joint provisional liquidators for the purpose of the
Restructuring.  By orders of the Cayman Court dated March 27, 2017,
Simon Appell and Eleanor Fisher were appointed as the JPLs and duly
authorized foreign representatives, and the Cayman Provisional
Liquidation Proceedings were commenced.

Simon Appell and Eleanor Fisher of AlixPartners, LLP, in their
capacities, as the joint provisional liquidators and authorized
foreign representatives, filed for Chapter 15 protection for Ocean
Rig and its affiliates (Bankr. S.D.N.Y. Lead Case No. 17-10736) on
March 27, 2017, to seek recognition of the Cayman proceedings.

The JPLs' U.S. counsel are Evan C. Hollander, Esq., and Raniero
D'Aversa Jr., Esq., at Orrick, Herrington & Sutcliffe LLP, in New
York.

                         *     *     *

On Sept. 15, 2017, the Grand Court of the Cayman Islands sanctioned
the schemes of arrangements of the Company and its subsidiaries,
Drill Rigs Holdings Inc. ("DRH"), Drillships Financing Holding Inc.
("DFH"), and Drillships Ocean Ventures Inc., ("DOV," and together
with UDW, DRH and DFH, the "Scheme Companies").  The terms of the
restructuring have therefore been approved by the Cayman Court.


OCEAN RIG: U.S. Court Gives Full Force to Cayman Schemes
--------------------------------------------------------
Ocean Rig UDW Inc. (NASDAQ:ORIG), an international contractor of
offshore deepwater drilling services, said Sept. 20, 2017, that the
U.S. Bankruptcy Court for the Southern District of New York has
issued an order granting comity and giving full force and effect in
the United States to the schemes of arrangement of the Company and
its subsidiaries, Drill Rigs Holdings Inc., Drillships Financing
Holding Inc., and Drillships Ocean Ventures Inc. (together, the
"Scheme Companies") recently sanctioned by The Grand Court of the
Cayman Islands.  The terms of the restructuring approved by the
Cayman Court have therefore been given effect and are enforceable
in the United States.

The Schemes affect only financial indebtedness.  Operations will
continue unaffected.  Trade creditors and vendors will continue to
be paid in the ordinary course of business and will not be affected
by any of the Schemes.  Once the Restructuring Effective Date has
occurred, the Scheme Companies will be substantially deleveraged
through an exchange of approximately $3.7 billion principal amount
of debt for (i) new equity of the Company, (ii) approximately $288
million of cash, and (iii) $450 million of new secured debt.

                        About Ocean Rig

Ocean Rig UDW Inc. (NASDAQ: ORIG) -- http://www.ocean-rig.com/--
is an international offshore drilling contractor providing oilfield
services for offshore oil and gas exploration, development and
production drilling, and specializing in the ultra-deepwater and
harsh-environment segment of the offshore drilling industry.

On March 24, 2017, Ocean Rig UDW Inc., et al., filed winding up
petitions with the Cayman Court and issued summonses for the
appointment of joint provisional liquidators for the purpose of the
Restructuring.  By orders of the Cayman Court dated March 27, 2017,
Simon Appell and Eleanor Fisher were appointed as the JPLs and duly
authorized foreign representatives, and the Cayman Provisional
Liquidation Proceedings were commenced.

Simon Appell and Eleanor Fisher of AlixPartners, LLP, in their
capacities, as the joint provisional liquidators and authorized
foreign representatives, filed for Chapter 15 protection for Ocean
Rig and its affiliates (Bankr. S.D.N.Y. Lead Case No. 17-10736) on
March 27, 2017, to seek recognition of the Cayman proceedings.

The JPLs' U.S. counsel are Evan C. Hollander, Esq., and Raniero
D'Aversa Jr., Esq., at Orrick, Herrington & Sutcliffe LLP, in New
York.

                         *     *     *

On Sept. 15, 2017, the Grand Court of the Cayman Islands sanctioned
the schemes of arrangements of the Company and its subsidiaries,
Drill Rigs Holdings Inc. ("DRH"), Drillships Financing Holding Inc.
("DFH"), and Drillships Ocean Ventures Inc., ("DOV," and together
with UDW, DRH and DFH, the "Scheme Companies").  The terms of the
restructuring have therefore been approved by the Cayman Court.


ODYSSEY LOGISTICS: S&P Assigns 'B' CCR & Rates 1st Lien Debt 'B+'
-----------------------------------------------------------------
Logistics and transportation solutions provider Odyssey Logistics
and Technology Corp. is being acquired by The Jordan Company for a
combination of debt and equity. Odyssey is issuing a first-lien
facility (which comprises a $50 million revolver and a $245 million
first-lien term loan) and an $85 million second-lien term loan to
fund the acquisition.

S&P Global Ratings thus assigned its 'B' corporate credit rating to
Danbury, Conn.-based Odyssey Logistics and Technology Corp. The
outlook is stable.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating and '2' recovery rating to the company's proposed first-lien
facility. The '2' recovery rating indicates our expectation for
meaningful (70%-90%; rounded estimate: 75%) recovery in the event
of a default.

"In addition, we assigned our 'CCC+' issue-level rating and '6'
recovery rating to the company's proposed $85 million second-lien
term loan. The '6' recovery rating indicates our expectation for
negligible (0%-10%; rounded estimate: 0%) recovery in the event of
a default.

"The 'B' corporate credit rating on Odyssey reflects our
expectation that the company's leverage will remain high following
the proposed acquisition with a debt–to-EBITDA metric of more
than 6x. Odyssey competes in the large and fragmented third-party
logistics industry. Companies in this sector exhibit relatively low
profit margins and have varying degrees of capital intensity.
Odyssey has historically grown both organically and by acquiring
smaller companies, which has allowed the company to quickly expand
its product offerings.

"The stable outlook on Odyssey Logistics reflects our expectation
that the company will benefit from its recent acquisitions and
experience modest organic growth over the next 12-18 months, which
we expect will be offset by slightly higher capital spending. We
also believe that the company's credit metrics will stay relatively
flat and remain appropriate for the current rating over the next
year.

"We could lower our ratings on Odyssey if the company is more
aggressive than we expect in pursuing debt-financed growth
opportunities or if its operating results weaken from their current
levels, causing its debt-to-EBITDA to rise above 7.0x or its
FFO-to-debt ratio to fall below 6%.

"Although unlikely, we could raise our ratings on Odyssey over the
next 12 months if the company experiences better-than-expected
operating results and pursues a less aggressive financial policy,
which reduces its debt-to-EBITDA below 5.0x or raises its
FFO-to-debt ratio above 12%. We would also need to believe that the
company's credit metrics would remain in these improved ranges
going forward."


OM SHANTI: Wants to Use Cash Collateral for 6 Months
----------------------------------------------------
Om Shanti Om Three, LLC, seeks authorization from the U.S.
Bankruptcy Court for the Western District of Louisiana for use of
the cash collateral based upon the six month cash flow projections
to be filed on Sept. 6, 2017.

The Federal Deposit Insurance Corporation, as Receiver for First
NBC Bank, holds the first mortgage on the hotel property and what
is believed to be a perfected security interest in the room rents
and furniture, fixtures and equipment.  The debt secured by this
collateral is approximately $4,689,470.

The Debtor will grant the FDIC a replacement lien on postpetition
room rental income and to pay adequate protection payments.

A full-text copy of the Debtor's Motion, dated Sept. 5, 2017, is
available at https://is.gd/i6D7rk

                   About Om Shanti Om Three

Om Shanti Om Three, LLC, owns a 78-room hotel known as Fairfield
Inn and Suites located at 1530 MLK Drive, Houma, Louisiana.  The
hotel provides complimentary Wi-Fi, plus a newly renovated fitness
center, and an indoor heated pool.  The hotel, together with all
FF&E, linens, office equipment, appliances, and all other equipment
and goods required to operate the hotel property, is valued at $1.5
million.

Om Shanti Om Three sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. La. Case No. 17-20833) on Sept. 5,
2017.  Nimesh Zaver, managing member, signed the petition.

The Debtor disclosed $1.51 million in assets and $4.73 million in
liabilities as of the bankruptcy filing.

Judge Robert Summerhays presides over the case.

Wade N. Kelly, Esq., represents the Debtor.


ONSITE TEMP: Hearing on JRS' Disclosure Statement Set for Oct. 24
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Arizona is set to
hold a hearing on October 24 to consider approval of the disclosure
statement, which explains the Chapter 11 plan of reorganization
filed by a group led by JRS Funding, LLC for Onsite Temp Housing
Corp.

The hearing will take place at 10:00 a.m., at Courtroom No. 601.
Objections to the disclosure statement are due by October 17.

On Feb. 7, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.  The latest version of the
Debtor's Plan, filed in August proposed that general unsecured
creditors will receive payment of $300,000 under the company's
latest plan to exit Chapter 11 protection.

The JRS restructuring plan proposes to pay unsecured creditors 20%
of their claims.  These creditors will receive equal quarterly
payments over five years beginning on the date which is 90 days
after the effective date of the plan.

                        About Onsite Temp

Onsite Temp Housing Corporation, based in Phoenix, Arizona,
provides temporary housing solutions to the insurance,
construction, mining and natural disaster sectors in the form of RV
travel trailers.

Onsite Temp Housing filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 16-10790) on Sept. 20, 2016.  The petition was signed by
Donald Kaebisch, authorized representative.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities.

The Hon. Paul Sala presides over the case.  

Harold E. Campbell, Esq., at Campbell & Coombs, P.C., serves as
bankruptcy counsel.  Timothy H. Shaffer of Clotho Corporate
Recovery LLC, Morris Anderson & Associates was named chief
restructuring officer.  Henry and Horne, LLP, was tapped to provide
financial consulting services.

No official committee of unsecured creditors has been appointed in
the case.


OPTIMA SPECIALTY: Seeks OK of Exit Financing with DDJ Capital
-------------------------------------------------------------
BankruptcyData.com reported that Optima Specialty Steel filed with
the U.S. Bankruptcy Court a redacted motion to enter into an exit
financing commitment letter and related fee letter with DDJ Capital
Management.

DDJ Capital Management, as lender, has agreed to provide exit
financing at the interest rate that is LIBOR plus 10% per annum
cash interest, subject to a 1% LIBOR floor (payable quarterly in
arrears).  The Debtors would require aggregate debt financing of
$240 million to consummate their Modified Plan and provide
sufficient liquidity to fund the Debtors' operations after
emergence from these Chapter 11 Cases, all in the form of the Exit
Facility.  To the extent the Debtors' cash balances exceed $10.0
million as of the Closing Date, the commitment amount will be
reduced dollar-for-dollar.

The effective date of the plan of reorganization confirmed by the
Court on June 29, 2017, has not occurred, and the exit financing
commitment provided by GSO Capital Partners in connection with the
Plan has expired.

In light of the development, the Debtors have pivoted to DDJ
Capital Management to sponsor an alternative plan transaction that
continues to provide for a comprehensive reorganization of the
Debtors.

The Court scheduled a Sept. 27, 2017 hearing to consider the exit
financing facility, with objections due by Sept. 26, 2017,
according to the BankruptcyData.com.

                About Optima Specialty Steel

Optima Specialty Steel Inc. and its affiliates are independent
manufacturers of specialty steel products.  Their manufacturing
facilities are located in the United States, and each of the
companies' operating units have operated in the steel industry for
more than 50 years.

Optima Specialty Steel and its affiliates filed Chapter 11
bankruptcy petitions on Dec. 15, 2016: Optima Specialty Steel
(Bankr. D. Del. Case No. 16-12789); Niagara LaSalle Corporation
(Case No. 16-12790); The Corey Steel Company (Case No. 16-12791);
KES Acquisition Company (Case No. 16-12792); and Michigan Seamless
Tube LLC (Case No. 16-12793).  The petitions were signed by
Mordechai Korf, chief executive officer.  At the time of filing,
Optima Specialty estimated assets and liabilities of $100 million
to $500 million.

The Debtors engaged Greenberg Traurig, LLP, in Wilmington,
Delaware, as counsel.  The Debtors tapped Ernst & Young LLP as
their accountant.  Garden City Group is the claims and noticing
agent, and maintains the site
http://cases.gardencitygroup.com/oma/info.php

No request has been made for the appointment of a trustee or
examiner.

On Jan. 4, 2017, the U.S. Trustee for Region 3 appointed an
official committee of unsecured creditors.  The committee retained
Squire Patton Boggs (US) LLP as its lead counsel and Whiteford,
Taylor & Preston LLC as its local Delaware counsel.


ORANGE ACRES: Has Until October 30 to File Chapter 11 Plan
----------------------------------------------------------
Judge Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida extended the exclusive period during
which only Orange Acres Ranch Homeowners Association, Inc. may
propose and file plans of reorganization through October 30, 2017,
as well as the exclusive period during which only the Debtor may
solicit acceptances of its plan of reorganization through December
29, 2017.

As reported by the Troubled Company Reporter on September 19, 2017,
the Debtor asked the Court to extend its exclusive periods saying
it was still working on the plan and discussing plan treatment with
parties in interest. However, the planning for the hurricane and
the aftermath of the hurricane have made it difficult for the
Debtor to meet with financing sources and the board to discuss plan
alternatives.

             About Orange Acres Ranch Homeowners

Orange Acres Ranch Homeowners Association, Inc., is listed as a
Florida Not For Profit Corporation, which owns and operates a
mobile home park known as Orange Acres Ranch.  The Park consists of
210 lots, including 73 unimproved lots. The Park amenities include
a clubhouse and swimming pool.

Orange Acres Ranch Homeowners Association filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 17-04326) on May 18, 2017.  The
petition was signed by Brent Geary, president.  At the time of
filing, the Debtor estimated assets and liabilities of $1 million
to $10 million.  The case is assigned to Judge Michael G.
Williamson.  The Debtor is represented by Scott A. Stichter, Esq.,
at Stichter Riedel Blain & Postler, P.A.


PACKERS HOLDINGS: S&P Ups CCR to BB- on Improving Credit Measures
-----------------------------------------------------------------
S&P Global Ratings notes that U.S.-based outsourced sanitation
services provider Packers Holdings LLC achieved strong earnings
growth, which has led the rating agency to reassess its emergence
EBITDA moderately higher, resulting in improved recovery
prospects.

S&P is affirming its 'B' corporate credit rating on Packers
Holdings LLC. The outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's first-lien facility to 'B+' from 'B' and revised the
recovery rating to '2' from '3', indicating our expectation that
lenders would receive substantial recovery (70%-90%; rounded
estimate: 70%) in a payment default scenario."

The affirmation reflects the company's high debt leverage,
financial sponsor ownership, narrow business focus on sanitation
services, and customer concentration, offset by the company's
leading position within its niche and focus on cost containment.
Recent efforts to improve operating efficiency and ongoing new
customer wins have contributed to better-than-expected earnings
generation, leading to improved recovery prospects. S&P said, "We
believe this improvement is sustainable and expect cash flow
leverage to modestly strengthen over the next 12 months to the
low-5x area. However, we believe the financial sponsor will shape
the company's financial policy and capital allocation decisions
which could restrict the company from achieving leverage below 5x."

  
S&P added, "The outlook on Packers is stable. We expect continued
productivity efforts, expansion into the FDA inspection plants, new
business wins, and annual price increases will support continued
earnings growth, debt reduction, and improving credit metrics over
the next 12 months. We expect debt to EBITDA to decline to the
mid-5.0x area by the end of 2017.

"We could raise our ratings over the next 12 months if the company
continues to apply excess cash flow toward debt reduction or
generate greater-than-expected earnings such that leverage declines
to below 5.0x on a sustained basis. An upgrade would also be
contingent upon our expectation that the sponsor's financial
policies would support the maintenance of leverage at these
levels.

"Although unlikely over the next year, we could lower our ratings
on Packers if unforeseen circumstances, including customer losses,
weakness in the protein sector, or higher-than-expected increase in
input costs, result in a decline in operating performance causing
debt to EBITDA to rise to 7.5x and remain there on a sustained
basis.  This could also occur if the company undertook a large,
debt-financed acquisition or dividend."


PENICK PRODUCE: Plan Filing Deadline Extended to November 22
------------------------------------------------------------
Judge Jason D. Woodard of the U.S. Bankruptcy Court for the
Northern District of Mississippi extended the time periods during
which Penick Produce Company, Inc. and its debtor-affiliates retain
their exclusive rights to file a plan or plans of reorganization,
and solicit acceptances for the plan through and including November
22, 2017, and January 22, 2018, respectively.

As reported by the Troubled Company Reporter, the Debtors said
their are not presently positioned such that meaningful effort
toward formulation of a plan or plans has been or is possible at
this time.  The Debtors said they have, nonetheless, exhibited a
good faith effort to achieve progress and likewise demonstrated
good cause for extending the Exclusive Periods, among others:

     (a) The Debtors have reached agreement with BancorpSouth Bank
providing for their continued use of cash collateral as evidenced
by interim and final agreed orders. The Debtors' operations have
outperformed their budgeted projections.

     (b) The Debtors have engaged Legacy Capital as their
investment banker, which has been working diligently to commence a
process to entertain the varying solicitations of interest in
potential transactions they have received. These processes are
underway, but neither the Debtors nor Legacy Capital have had ample
time at this juncture to make significant progress toward an
identifiable transaction of any kind.

     (c) The Debtors have remained current with all post-petition
obligations as they continue to work toward preparation for
operations commencing in the fall for a new business year.

     (d) The Debtors have exchanged information with BancorpSouth
Bank and the Committee in order to cooperate and collaborate on
these restructuring efforts, to the extent possible and to minimize
cost and distraction.

     (e) The Debtors have obtained approval of a claims procedure
to resolve all Perishable Agricultural Commodities Act trust claims
and of all other farmers that do not hold trust claims.

This was the Debtors' first exclusivity extension request.  The
Debtors noted that there remain additional tasks that will be
necessary to enable the Debtors to formulate and implement a
confirmable plan, and that they believed that they can likely
achieve this within the extended periods requested. Neither
BancorpSouth nor the Committee had any objection to the requested
extensions sought by the Debtors.

                      About Penick Produce Company

Founded in 1991, Penick Produce Co., Inc., is a small organization
in the fresh fruits and vegetable companies industry located in
Vardaman, Mississippi.

Penick Produce, Co., and affiliates Penick Business LP and Penick
LP sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. N.D. Miss. Lead Case No. 17-11522) on April 26, 2017.  The
petitions were signed by Robert A. Langston, president.

At the time of the filing, Penick Produce estimated assets at $10
million to $50 million and debt at $1 million to $10 million.

Judge Jason D. Woodard presides over the cases.

The Debtors are represented by Douglas C. Noble, Esq., at McCraney,
Montagnet, Quin & Noble, PLLC. The Debtors tapped Legacy Capital,
Inc. as investment banker.

An official committee of unsecured creditors was appointed by the
U.S. Trustee on May 16, 2017, and modified on May 18, 2017.  The
committee retained the Law Office of Derek A. Henderson, as
counsel.


PHILADELPHIA SD: Fitch Affirms 'BB-' IDR, Outlook Stable
--------------------------------------------------------
Fitch Ratings has affirmed the underlying 'BB-' rating on the
following bonds issued for the school district of Philadelphia
(SDP, or the district):

-- $989 million Pennsylvania State Public School Building
    Authority school lease revenue and revenue refunding bonds
    issued on behalf of SDP;

-- $1.8 billion school district of Philadelphia general
    obligation (GO) and GO refunding bonds.

Fitch also affirms the district's IDR at 'BB-.'

The Rating Outlook for the IDR, underlying district and authority
debt is Stable. The enhanced rating of 'A+' with a Stable Outlook
on the bonds reflects protections under Pennsylvania statutes
outlining intercept of commonwealth aid for school districts
(Pennsylvania School Credit Intercept Provision).

SECURITY

The bonds issued by the authority are special limited obligations
of the authority. For these bonds, payments from the State
Treasurer are made directly to the Trustee on the last Thursday of
April and October of each year, in advance of lease rental payments
due on May 15 and Nov. 15, and debt service payments on June 1 and
Dec. 1. The district has covenanted that it will include in its
budget appropriations for payments to the authority. For these
payments, the district irrevocably has pledged its full faith,
credit and taxing power. All of the authority and GO bonds are
secured by protections under the Pennsylvania School Credit
Enhancement Law as well as the district's full faith and credit and
taxing power.

SDP's underlying GO rating is based on the district's full faith
and credit pledge. The rating on the GO bonds is enhanced by the
Pennsylvania School Credit Enhancement Law.

ANALYTICAL CONCLUSION

The 'BB-' IDR reflects SDP's constrained budgetary environment with
limited independent ability to materially alter its fiscal profile.
The current rating level implies an elevated vulnerability to
default risk, particularly in the event of adverse changes in
conditions. Fitch believes that a consistent history of support
from other levels of government provides a modicum of comfort that
the district will continue to meet its financial obligations.

Over the past several years, the district has taken multiple steps
to reduce recurring spending and has worked with external
stakeholders to boost revenues. But further expense reductions are
likely to materially affect core service delivery; in fact, the
district has taken steps to use new revenues to restore some prior
year cuts to address such concerns. SDP's management is taking
important steps to address these limitations. But the district's
options are limited absent external cooperation, particularly from
the commonwealth and city, given constraints including a
challenging labor environment.

Economic Resource Base

Philadelphia serves as a regional economic center in the northeast,
with a stable employment base weighted toward the higher education
and healthcare sectors. Jobs expansion since the recession has been
steady and strong, but comparatively low wealth levels and weak
population increases persist and limit growth prospects. The
population is estimated at 1.6 million.

KEY RATING DRIVERS

Revenue Framework: 'bbb'
Fitch expects SDP's revenues will grow annually near the rate of
inflation with key components including the property tax and
subsidies from the commonwealth. SDP's lack of any material
independent legal revenue-raising capability limits the revenue
framework assessment.

Expenditure Framework: 'bbb'
Expenditure pressures are significant with debt service and charter
school payments in particular driving Fitch's expectations. Fitch
views charter school spending as SDP's most critical expenditure
challenge, and will closely monitor progress in moderating the
current growth trajectory. The labor environment also poses
limitations on expenditure flexibility. Commonwealth
reimbursements, which Fitch anticipates will continue, offset a
significant share of pension spending.

Long-Term Liability Burden: 'aa'
Debt and unfunded pension liabilities present only a moderate
burden on the district's economic resource base. Other
post-employment benefit (OPEB) liabilities are minimal, with the
district providing no healthcare benefits for retirees or
dependents.

Operating Performance: 'bb'
The district has built up modest budgetary, cash-basis reserves in
recent years with expense management and successful negotiation of
revenue support from the city and commonwealth. But those reserves
will likely be drawn down within several years absent structural
changes in the level of support from the city and commonwealth. SDP
retains very limited financial flexibility with little room for
additional expenditure cuts, and would be stressed in the event of
an economic downturn, absent external assistance. Both Philadelphia
and Pennsylvania have previously stepped in to support the
district. Fitch anticipates similar support going forward, but the
timing and extent is uncertain as the city and commonwealth face
their own fiscal constraints.

RATING SENSITIVITIES

Sustainable Revenue Improvement: SDP has successfully negotiated
several revenue increases in recent years with the city and
commonwealth including a permanent cigarette tax, the first $120
million of the city's 1% sales tax, and increases in the property
tax rate. Establishment of a long-term revenue solution that more
fully addresses the district's expenditure demands could improve
Fitch's assessment of the district's revenue framework and
operating performance.

Shift in Charter School Expenditures: Payments to charter schools
have been, and will likely continue to be, the most significant
driver of the district's expenditures. A material change in the
mandatory per pupil payments SDP makes to charter schools, either
through changes in enrollment patterns or in the structure of the
payments themselves, could alter Fitch's view of the district's
expenditure growth and financial resilience.


PHOTOMEDEX INC: Adjourns Annual Meeting to October 12
-----------------------------------------------------
PhotoMedex, Inc. convened its annual meeting of stockholders on
Sept. 14, 2017.  The Company adjourned the meeting to seek
additional votes on Proposal 1, which the Company refers to in its
proxy statement as the First Charter Proposal, and Proposal 2,
which the Company refers to in its proxy statement as the
Contribution Securities Issuance Proposal.  The annual meeting will
reconvene on Oct. 12, 2017, at 9:30 a.m., Eastern Standard Time, at
410 Park Avenue, 14th Floor, New York, NY 10022.

                       About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at its LasikPlus(R) vision centers.

Photomedex reported a loss of $13.26 million in 2016, compared to a
loss of $34.55 million in 2015.

As of June 30, 2017, Photomedex reported $17.61 million in total
assets,
$9.73 million in total liabilities, and $7.87 million in total
stockholders' equity.

Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115.6 million and
shareholders' deficit of $1.408 million.  Also, during the most
recent periods the Company has incurred losses and negative cash
flows from continuing operations and was forced to sell certain
assets and business units to obtain additional liquidity resources
to support its operations.  In addition, on Jan. 23, 2017, the
Company completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


PHOTOMEDEX INC: Reaches Settlement in 'Mouzon' Civil Case
---------------------------------------------------------
Radiancy, Inc., a subsidiary of PhotoMedex, Inc., has entered into
a settlement agreement and release with regard to Mouzon, et al. v.
Radiancy, Inc., a civil action filed in the United States District
Court for the District of Columbia.

The Mouzon civil action alleged certain marketing and warranty
claims against Radiancy and its President, Dolev Rafaeli, who was
earlier dismissed from the suit, on behalf of a purported class of
individuals who had purchased the nono! Hair removal product
marketed and sold by Radiancy.  The settlement also includes the
potential plaintiffs under April Cantley v. Radiancy, Inc., a
purported class action lawsuit originally filed in the Superior
Court in the State of California, County of Kern, which was removed
to the Federal Court system and consolidated with the Mouzon
litigation.

The terms and conditions of the Settlement Agreement are
confidential.

                        About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at its LasikPlus(R) vision centers.

Photomedex reported a loss of $13.26 million for the year ended
Dec. 31, 2016, compared to a loss of $34.55 million for the year
ended Dec. 31, 2015.  

As of June 30, 2017, Photomedex had $17.61 million in total assets,
$9.73 million in total liabilities and $7.87 million in total
stockholders' equity.

Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115.6 million and
shareholders' deficit of $1.408 million.  Also, during the most
recent periods the Company has incurred losses and negative cash
flows from continuing operations and was forced to sell certain
assets and business units to obtain additional liquidity resources
to support its operations.  In addition, on Jan. 23, 2017, the
Company completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


PLATFORM SPECIALTY: Moody's Affirms B2 Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service affirmed the B2 corporate family rating
and B2-PD probability of default rating of Platform Specialty
Products Corporation (Platform) and changed the outlook to stable
from negative. Moody's also raised the speculative grade liquidity
rating to SGL-2 from SGL-3. At the same time, Moody's assigned B2
ratings to Platform Specialty Products Corporation's proposed
$1.439 billion senior secured term loans that will partially
refinance its existing term loans. Platform intends to refinance
its $606 million USD TLB-5 and Euro 695 million EUR TLC-4 due in
June 2020. As part of the transaction, the company plans to
increase the size of the USD tranche by $100 million to $706
million and reduce the size of the EUR tranche by a corresponding
Euro 83 million ($100 million USD equivalent) to Euro 611 million.
The maturity will remain unchanged. The proposed transaction is
leverage neutral and is expected to result in a modest reduction in
annual interest expense.

"Although leverage remains high for the B2 rating, Moody's
stabilized the outlook on expectations that the company will
improve free cash flow generation and use it to reduce debt and
maintain good liquidity," said Anastasija Johnson, Vice President -
Senior Analyst at Moody's. "This expectation does not depend on the
planned separation of the agricultural chemicals business in 2018,
which could be an additional credit improvement if the proceeds are
applied towards debt reduction."

Assignments:

Issuer: MacDermid European Holdings B.V. (Co-Borrower MacDermid
Funding, LLC)

-- Senior Secured Bank Credit Facility, Assigned B2(LGD3)

Issuer: MacDermid Incorporated (Co-Borrower Platform Specialty
Products Corporation)

-- Senior Secured Bank Credit Facility, Assigned B2(LGD3)

Outlook Actions:

Issuer: MacDermid Agricultural Solutions Holdings BV

-- Outlook, Changed To Stable From Negative

Issuer: MacDermid Inc.

-- Outlook, Changed To Stable From Negative

Issuer: Platform Specialty Products Corporation

-- Outlook, Changed To Stable From Negative

Issuer: MacDermid European Holdings B.V.

-- Outlook, Assigned Stable

Affirmations:

Issuer: MacDermid Agricultural Solutions Holdings BV

-- Senior Secured Bank Credit Facility, Affirmed B2(LGD3)

Issuer: MacDermid European Holdings B.V.

-- Senior Secured Bank Credit Facility, Affirmed B2(LGD3)

Issuer: MacDermid Inc.

-- Senior Secured Bank Credit Facility, Affirmed B2(LGD3)

Issuer: Platform Specialty Products Corporation

-- Probability of Default Rating, Affirmed B2-PD

-- Corporate Family Rating, Affirmed B2

-- Senior Secured Bank Credit Facility, Affirmed B2(LGD3)

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa1(LGD5)

Upgrade:

Issuer: Platform Specialty Products Corporation

-- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
    SGL-3

RATINGS RATIONALE

Platform's B2 CFR reflects high leverage as a result of the
acquisition-driven growth strategy and projected free cash flow
generation due to the asset-light business model with low capital
requirements. With roughly $5.5 billion of reported debt as of June
30, 2017, Platform has a significant debt load that exceeds its
sales by 1.5 times. Moody's adjustments for pensions, leases and
contingent obligation related to the initial MacDermid acquisition
increase debt to roughly $5.79 billion. Platform's leverage as
adjusted by Moody's stood at roughly 7.4 times in the twelve months
ended June 30, 2017. Given projected earnings improvement and
expectations that all free cash flow will be used to repay debt,
Moody's expects leverage to decline closer to 6 times in 2018. The
company's free cash flow generation is supported by high margins of
above 20% and low capital expenditures requirements due to the
asset-light business model.

The rating also reflects the company's scale, geographic,
operational, product and end market diversity. The company
generates about half of its sales and EBITDA from specialty
chemicals used in electronics, automotive, graphic arts and
offshore oil and gas production and drilling. Some of these markets
are cyclical, which could impact volumes and prices. The other half
of sales and EBITDA are generated from the agricultural chemicals
business which is seasonal and subject to crop price volatility.
Platform enjoys leading positions in several of its markets and
limited exposure to volatile raw materials costs. The rating
reflects the acquisition-driven growth strategy and related event,
financial and integration risks. The company has announced a plan
to separate the agricultural business as a public company in 2018,
which could improve financial credit metrics if the proceeds of the
equity raise are used to pay down debt but this strategy still
carries an execution risk. In addition, both the agricultural
chemical company and the remaining specialty chemical company will
continue to supplement organic growth with a measured acquisition
approach in existing and adjacent end-markets. Until the planned
separations is completed, the rating reflects expectations that all
free cash flow will be used to pay down debt and the company will
not undertake any additional debt-financed acquisitions.

Platform's SGL-2 speculative grade liquidity rating reflects
expectations that the company will have good liquidity supported by
cash on hand, availability under its revolver and projected free
cash flow generation. The company had approximately $427.1 million
of cash on hand, primarily held overseas. The company also has a
$500 million revolving credit facility, of which $475 million has
been extended through June 7, 2019, while the rest matures on June
7, 2018. This is the nearest maturity and the annual amortization
payments total approximately $35 million. Approximately $1.5
billion of term loans mature in 2020. As of June 30, 2017, the
company had $105 million borrowings under its revolving facility
and $376 million of availability. The company relies on the
revolver to fund working capital use for its agricultural chemicals
business and also has local credit lines to support this business.
The revolver has a financial maintenance covenant maximum first
lien net leverage ratio of 6.25 times, subject to a right to cure.
The company has significant headroom under the covenant and Moody's
does not expects it to be triggered. The company is subject to an
excess cash flow sweep, which steps down once first lien net
leverage falls below certain thresholds. Platform does not pay cash
dividends, but its Series A Preferred Stock may pay dividends in
the form of common stock, although those payments are only
triggered if the stock rises above $23.

The stable ratings outlook reflects expectations that the company
will continue to generate free cash flow, use it to reduce debt and
lower leverage closer to 6 times in 2018. The stable outlook also
reflects expectations that the company will refrain from any
debt-financed acquisitions.

There is limited upside to the rating at this time, given the high
leverage and uncertainty related to the separation of the
agricultural chemicals business and execution risk. The ratings
could be upgraded if leverage falls below 5.0x on a sustained basis
and the company demonstrates its ability to grow its sales and
generate significant free cash flow of close to $300 million.
Platform's ratings could be downgraded if free cash flow turns
negative and liquidity falls below $200 million, or if the company
fails to reduce leverage below 6.5x on a sustained basis. The
ratings could also be downgraded if the company undertakes another
large-debt financed acquisition.

Headquartered in West Palm Beach, Florida, Platform Specialty
Products Corporation is a publicly-traded company founded by
investors Martin Franklin and Nicolas Berggruen in 2013. Platform's
first acquisition in 2013 was MacDermid Holdings, LLC, a global
manufacturer of variety of chemicals and technical services for a
range of applications and markets including; metal and plastic
finishing, electronics, graphic arts, and offshore drilling.
Platform acquired Alent plc, OM Group businesses, Arysta
LifeScience Limited, Chemtura Corporation's AgroSolutions business,
and Belgium-based Group Agriphar Group agricultural chemical
business, in levered transactions valued at roughly $2.0 billion,
$365 million, $3.51 billion, $1 billion and $405 million,
respectively. Platform's sales were $3.6 billion for the twelve
months ended June 30, 2017.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.


PLY GEM: S&P Affirms 'B+' CCR & Hikes Rating on $650MM Notes to B+
------------------------------------------------------------------
S&P Global Ratings affirmed its 'B+' corporate credit rating on Ply
Gem Industries Inc. The outlook is stable.

S&P noted that Cary, N.C.-based Ply Gem Industries Inc. has
maintained relatively stable profit margins over the past year.
Following voluntary prepayments on its term loan, and additional
amortization on the loan, the company reduced its adjusted leverage
to 3.8x as of July 1, 2017.

S&P said, "At the same time, we raised our issue-level rating on
Ply Gem's $650 million senior unsecured notes due 2022 to 'B+' from
'B' and revised our recovery rating on the notes to '4' from '5'.
The '4' recovery rating indicates our expectation for average
(30%-50%; rounded estimate: 45%) recovery for noteholders in the
event of a payment default.

"Additionally, we affirmed our 'BB' issue-level rating on Ply Gem's
$430 million term loan due 2021. The '1' recovery rating remains
unchanged, indicating our expectation for very high (90%-100%;
rounded estimate: 95%) recovery in the event of a payment default.

"Our corporate credit rating on Ply Gem reflects the company's
strong market position in both of its segments and the rapid
reduction in its leverage over the past three years. For the
trailing 12 months ended July 1, 2017, Ply Gem's adjusted
debt-to-EBITDA (including our adjustments for operating leases and
postretirement obligations) was approximately 3.8x, which compares
with 4.4x during the same quarter in 2016.

"The stable outlook on Ply Gem reflects our belief that the company
will continue to experience modest sales growth and margin
improvement through 2018 due to its pricing, product mix, and
positive trends in the new home construction and repair and remodel
end markets. Therefore, we expect its adjusted leverage to remain
below 4x over the next 12 months with adjusted EBITDA surpassing
$300 million by 2019.

"We could lower our ratings on Ply Gem if the company's leverage
approaches 5x over the next 12 months. This could occur due to an
unexpected contraction in new home construction, weakness in the
company's pricing, or spikes in its commodity costs such that
revenue drops at least 10% and EBITDA margins decline by more than
200 basis points (bps) from our current assumption over the next 12
months. While we consider it less likely we could lower the rating
if its liquidity becomes constrained to the point where coverage of
uses drops below 1.2x.

"We view an upgrade as unlikely over the next 12 months. In order
to upgrade Ply Gem we would need management to affirm that it is
committed to maintaining leverage of less 4x going forward and its
financial sponsor owners would likely need to relinquish their
control over the intermediate term."


PRECIPIO INC: Mark Rimer Holds 20% Equity Stake as of Sept. 18
--------------------------------------------------------------
Mark Rimer is the beneficial owner of 1,840,641 shares of common
stock of Precipio, Inc., as of Sept. 18, 2017, constituting 20
percent of the shares outstanding, as disclosed in an amended
Schedule 13D filed with the Securities and Exchange Commission.
The Shares reported consist of: (i) 686,874 shares of Common Stock
held by Chenies Investor LLC; (ii) 340,913 shares of Common Stock
held by Chenies Management LLC; (iii) 124,496 shares of Common
Stock held by Kuzven Precipio Investor LLC (iv) 4,179 shares of
Common Stock held by Precipio Employee Holdings; (v) warrants to
purchase 215,916 shares of Common Stock held by Kuzven Precipio
Investor LLC; (vi) warrants to purchase 175,390 shares of Common
Stock held by Chenies Investor LLC; (vii) warrant to purchase
29,541 shares of Common Stock held by Chenies Management LLC; and
(viii) option to purchase 263,332 shares of Common Stock or Series
A Senior Convertible Preferred Stock held by Kuzven Precipio
Investor LLC.

Chenies Investor LLC is the beneficial owner of 862,264 shares of
Common Stock consisting of: (i) 686,874 shares of Common Stock; and
(ii) warrants to purchase 175,390 shares of Common Stock as of
Sept. 18, 2017.

Chenies Investor LLC and Chenies Management LLC entered into
conversion agreements with the Company on Aug. 28, 2017, pursuant
to which (i) the Chenies Parties agreed to convert all outstanding
shares of Series A Senior Convertible Preferred Stock, including
all dividends due and payable thereunder, into an aggregate of
236,986 shares of Common Stock at a conversion rate of 1-for-1 and
(ii) the Company issued to the Chenies Parties an aggregate of
116,955 warrants to purchase Common Stock as consideration for
entering into the Conversion, which number is equal to 50% of the
number of shares of Common Stock received in connection with the
Conversion, excluding accrued dividends.  The Conversion Warrants
have a per share exercise price of $10.00, are exercisable
immediately and expire five years from the date of issuance.

On Sept. 6, 2017, Dominion Capital LLC exercised a put option to
sell $311,241 of principal of an 8% Convertible Promissory Note to
Kuzven Precipio Investor LLC.  A related call option held by Kuzven
Precipio Investor LLC on the Dominion Note expired upon the
exercise of the Dominion Put.  Pursuant to a Conversion Agreement
between Kuzven Precipio Investor LLC and the Company, dated Sept.
8, 2017, the portion of the note sold to Kuzven was converted into
(i) 124,496 shares of Issuer Common Stock at a conversion price of
$2.50 per share and (ii) an Offering Warrant exercisable for
124,496 shares of Issuer Common Stock.

Pursuant to a Conversion Agreement between Chenies Investor LLC and
the Company, dated Sept. 8, 2017, the 8% Convertible Promissory
Note together with accrued interest and the Redemption Amount was
converted into (i) 85,476 shares of Common Stock at a conversion
price of $2.50 per share and (ii) an Offering Warrant exercisable
for 85,476 shares of Common Stock.

A full-text copy of the regulatory filing is available at:

                      https://is.gd/JEab42

                         About Precipio

Formerly known as Transgenomic, Inc., Precipio, Inc. --
http://www.precipiodx.com/-- has built a platform designed to
eradicate the problem of misdiagnosis by harnessing the intellect,
expertise and technology developed within academic institutions,
and delivering quality diagnostic information to physicians and
their patients worldwide.  Through its collaborations with
world-class academic institutions specializing in cancer research,
diagnostics and treatment, Precipio offers a new standard of
diagnostic accuracy enabling the highest level of patient care.

Transgenomic reported a net loss available to common stockholders
of $8 million on $1.55 million of net sales for the year ended Dec.
31, 2016, compared with a net loss available to common stockholders
of $34.27 million on $1.92 million of net sales for the year ended
Dec. 31, 2015.

As of June 30, 2017, Precipio had $37.01 million in total assets,
$17.24 million in total liabilities and $19.76 million in total
stockholders' equity.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has incurred operating losses
and used cash for operating activities for the past several years.
This raises substantial doubt about the Company's ability to
continue as a going concern.


PRECISION CASTPARTS: Egan-Jones Assigns 'B' Unsec. Debt Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company, on July 18, 2017, assigned B local
currency and foreign currency senior unsecured ratings on debt
issued by Precision Castparts Corp. EJR also assigned B ratings on
commercial paper issued by the Company.

Precision Castparts Corp. is an American industrial goods and metal
fabrication company that manufactures investment castings, forged
components, and airfoil castings for use in the aerospace,
industrial gas turbine, and defense industries.



PRESCRIPTIONS PLUS: Claims in Chapter 727 Case Due Dec. 20
----------------------------------------------------------
Prescriptions Plus, Inc., filed on Aug. 22, 2017, a petition
commencing an assignment for the benefit of creditors pursuant to
Chapter 727, Florida Statutes, to Ross R. Hartog.  

Prescriptions Plus has its principal place of business at 942 Clint
Moore Road, Boca Raton, FL 33487.

Ross R. Hartog, as the Assignee, may be reached at:

     Ross R. Hartog
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, FL 33301

Pursuant to Section 727.105, Florida Statutes: (a) proceedings may
not be commenced against the Assignee except as provided in Chapter
727, Florida Statutes, and (b) except in the case of a consensual
lienholder enforcing its rights in collateral, there shall be no
levy, execution, attachment, or the like in the respect of any
judgment against assets of the estate, other than real property, in
the possession, custody, or control of the Assignee.

To receive any dividend in this proceeding, parties-in-interest
must file a proof of claim with the Assignee on or before December
20, 2017.

The Assignee is represented by:

     GRACE E. ROBSON, Esq.
     MARKOWITZ, RINGEL, TRUSTY & HARTOG, P.A.
     101 NE Third Avenue, Suite 1210
     Fort Lauderdale, Florida 33301
     Tel: (954) 767-0030
     Fax: (954) 767-0035
     E-mail: litservice@mrthlaw.com
             grobson@mrthlaw.com

The case is, In re: ASSIGNMENT FOR THE BENEFIT OF CREDITORS OF
PRESCRIPTIONS PLUS, INC., a Florida corporation, Assignor, To: ROSS
R. HARTOG, Assignee, Case No. 17-CA-009482-XXXX-MB, in the Circuit
Court of the 15th Judicial Circuit in and for Palm Beach County,
Florida.


PRIME GLOBAL: Incurs US$41,400 Net Loss in Third Quarter
--------------------------------------------------------
Prime Global Capital Group Incorporated filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q reporting
a net loss of US$41,437 on US$288,680 of net total revenues for the
three months ended July 31, 2017, compared to a net loss of
US$219,990 on US$436,462 of net total revenues for the three months
ended July 31, 2016.

For the nine months ended July 31, 2017, Prime Global reported a
net loss of US$497,185 on US$914,452 of net total revenues compared
to a net loss of US$485,415 on US$1.28 million of net total
revenues for the same period during the prior year.

As of July 31, 2017, Prime Global had US$44.04 million in total
assets, US$16.63 million in total liabilities and US$27.41 million
in total equity.

As of July 31, 2017, the Company had cash and cash equivalents of
US$175,504, as compared to US$331,587 as of the same period last
year.  Its cash and cash equivalents decreased as a result of cash
used in operation.

"We expect to incur significantly greater expenses in the near
future, including the contractual obligations that we have assumed
... to begin development activities.  We also expect our general
and administrative expenses to increase as we expand our finance
and administrative staff, add infrastructure, and incur additional
costs related to being a large accelerated filer, including
directors' and officers' insurance and increased professional
fees.

"We have never paid dividends on our Common Stock.  Our present
policy is to apply cash to investments in product development,
acquisitions or expansion; consequently, we do not expect to pay
dividends on Common Stock in the foreseeable future," said the
Company in the report.

"Our continuation as a going concern is dependent upon improving
our profitability and the continuing financial support from our
stockholders.  Our sources of capital in the past have included the
sale of equity securities, which include common stock sold in
private transactions and public offerings, capital leases and
short-term and long-term debts.  While we believe that we will
obtain external financing and the existing shareholders will
continue to provide the additional cash to meet our obligations as
they become due, there can be no assurance that we will be able to
raise such additional capital resources on satisfactory terms.  We
believe that our current cash and other sources of liquidity
discussed below are adequate to support operations for at least the
next 12 months."

A full-text copy of the Form 10-Q is available for free at:

                      https://is.gd/zLpQ89

                       About Prime Global

Kuala Lumpur, Malaysia-based Prime Global Capital Group Inc
(OTCBB:PGCG), through its subsidiaries, is engaged in the operation
of a durian plantation, leasing and development of the operation of
an oil palm plantation, commercial and residential real estate
properties in Malaysia.

Prime Global reported a net loss of US$911,522 for the year ended
Oct. 31, 2016, compared to a net loss of US$1.59 million for the
year ended Oct. 31, 2015.

Centurion ZD CPA Limited, in Hong Kong, China, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Oct. 31, 2016, citing that the Company has a working
capital deficiency, accumulated deficit from recurring net losses
and significant short-term debt obligations maturing in less than
one year as of Oct. 31, 2016.  All these factors raise substantial
doubt about its ability to continue as a going concern.


PRODUCTION PATTERN: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Production Pattern and Foundry Co., Inc.
        P.O. Box 22360
        Carson City, NV 89721

Type of Business: Production Pattern Foundry, Inc. is a TS-16949
                  Certified, casting foundry, producing aluminum
                  castings for a wide variety of industries.
                  PPF produces parts and equipment components for
                  a broad spectrum of markets -- from chip-making
                  equipment to drinking fountains.  Typical PPF
                  customer applications have included: housings
                  mounting bases, manifolds, valve bodies, door
                  hinges and brackets.  The Company also has
                  experience in heavy truck manufacturing,
                  semiconductor chip manufacturing equipment,
                  medical and dental equipment manufacturing,
                  construction, utility, packaging machinery
                  and sports equipment industries.

                  Web site: http://www.ppfco.com/

Case No.: 17-51106

Chapter 11 Petition Date: September 20, 2017

Court: United States Bankruptcy Court
       District of Nevada (Reno)

Judge: Hon. Bruce T. Beesley

Debtor's Counsel: Chris D Nichols, Esq.
                  MINDEN LAWYERS, LLC
                  P.O. Box 2860
                  990 Ironwood Drive, Ste 300
                  Minden, NV 89423
                  Tel: (775) 782 7171
                  Fax: (775) 782-3081
                  E-mail: nichols@mindenlawyers.com
                          pam@mindenlawyers.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Arlene Cochran, president.  A full-text
copy of the petition is available for free at:

               http://bankrupt.com/misc/nvb17-51106.pdf

Debtor's List of 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Bank of the West                     Credit Card          $20,611
                                      Purchases

Capital One Bank                     Credit Card          $20,286
                                      Purchases

Cass                                   Judgment          $917,203
2730 Peralta Street
Oakland, CA 94607

Castle Metals                       Goods/Services        $13,396

CMTA-GMPP & Allied Worker Pension     Pension Plan        $34,362

Custom Alloy Light Metals           Goods/Services     $1,483,708

Federal Express                     Charge Account        $66,097

First National Bank of Omaha         Credit Card          $11,342
                                      Purchases

Hometown Health                       Insurance           $51,617
                                       Premium

Horspool & Romine                   Goods/Services         $7,209
Mfg., Co., Inc.

Kacee Company                         Note Payable       $445,670
3570 Hiawatha Way
Antelope, CA 95843

Kacee Company                       Goods/Services       $351,122
3570 Hiawatha Way
Antelope, CA 95843

Lyon County Clerk & Treasurer       Goods/Services        $10,648

Magma Foundry                       Goods/Services         $9,132
Technologies, Inc.

Mutual of Omaha                       Credit Card         $10,695
                                       Purchases

PDM Steel Service                     Goods/Services      $11,498
Centers, Inc.

Pilot Thomas Logistics                Goods/Services       $8,614

R.S. Hughes Company, Inc.             Goods/Services       $7,394

Scott Sales Co.                       Goods/Services      $17,861

Southwest Credit Card                  Credit Card        $33,254
                                        Purchases


PUERTO RICO: Objects to COFINA Agent Bid for Sec. 2125 Protection
-----------------------------------------------------------------
BankruptcyData.com reported that the Commonwealth of Puerto Rico
and The Bank of New York Mellon filed with the U.S. Bankruptcy
Court separate objections to the motion of Bettina Whyte, the
COFINA agent, for an order (i) confirming that 48 U.S.C. Section
2125 applies to the COFINA agent; (ii) confirming retention of
local counsel and (iii) clarifying payment of fees and expenses of
the COFINA agent and her professionals.  The Debtors assert, "The
Oversight Board believes the COFINA Agent and Commonwealth Agent
(collectively, the 'Agents') should only receive the protections of
PROMESA section 105 for acts within their respective scope of
authority, and objects to the extent any protections would extend
to acts outside such scope of authority.  Indeed, it appears the
COFINA Agent intends to exceed the scope of her authority. Her
application to retain a financial advisor [ECF No. 1273] explains
the advisor is needed to analyze the Commonwealth fiscal plan.  The
COFINA Agent was appointed and authorized to resolve a wholly legal
dispute, namely whether the Commonwealth or COFINA owns certain
sales and use taxes.  The COFINA Agent is not authorized to do
anything else.  Accordingly, any protection granted by PROMESA
section 105 for acts performed by the Agents should be limited to
those performed within the scope of authority granted by the
Stipulation and Order.  The Agents should not receive any
protection for acts that exceed their authorized scope, and all
rights and remedies of the Oversight Board and the Debtors should
be fully preserved with respect thereto."

                       About Puerto Rico

Puerto Rico is a self-governing commonwealth in association with
the United States that's facing a massive bond debt of $70 billion,
a 68% debt-to-GDP ratio and negative economic growth in nine of the
last 10 years.

The Commonwealth of Puerto Rico has sought bankruptcy protection,
aiming to restructure its massive $74 billion debt-load and $49
billion in pension obligations.

The debt restructuring petition was filed by Puerto Rico's
financial oversight board in U.S. District Court in Puerto Rico
(Case No. 17-01578) on May 3, 2017, and was made under Title III of
2016's U.S. Congressional rescue law known as the Puerto Rico
Oversight, Management, and Economic Stability Act ("PROMESA").

The Financial Oversight and Management Board later commenced Title
III cases for the Puerto Rico Sales Tax Financing Corporation
(COFINA) on May 5, 2017, and the Employees Retirement System (ERS)
and the Puerto Rico Highways and Transportation Authority (HTA) on
May 21, 2017.  On July 2, 2017, a Title III case was commenced for
the Puerto Rico Electric Power Authority ("PREPA").

U.S. Chief Justice John Roberts has appointed U.S. District Judge
Laura Taylor Swain to oversee the Title III cases.  The Honorable
Judith Dein, a United States Magistrate Judge for the District of
Massachusetts, has been designated to preside over matters that may
be referred to her by Judge Swain, including discovery disputes,
and management of other pretrial proceedings.

Joint administration of the Title III cases, under Lead Case No.
17-3283, was granted on June 29, 2017.

The Oversight Board has hired as advisors, Proskauer Rose LLP and
O'Neill & Borges LLC as legal counsel, McKinsey & Co. as strategic
consultant, Citigroup Global Markets, as municipal investment
banker, and Ernst & Young, as financial advisor.

Martin J. Bienenstock, Esq., Scott K. Rutsky, Esq., and Philip M.
Abelson, Esq., of Proskauer Rose; and Hermann D. Bauer, Esq., at
O'Neill & Borges are onboard as attorneys.

McKinsey & Co. is the Board's strategic consultant, Ernst & Young
is the Board's financial advisor, and Citigroup Global Markets Inc.
is the Board's municipal investment banker.

Prime Clerk LLC is the claims and noticing agent.  Prime Clerk
maintains a case web site at:

           https://cases.primeclerk.com/puertorico

Epiq Bankruptcy Solutions LLC is the service agent for ERS, HTA,
and PREPA.

O'Melveny & Myers LLP is counsel to the Commonwealth's Puerto Rico
Fiscal Agency and Financial Advisory Authority (AAFAF), the agency
responsible for negotiations with bondholders.

The Oversight Board named Professor Nancy B. Rapoport as fee
examiner and to chair a committee to review professionals' fees.

                      Bondholders' Attorneys

Toro, Colon, Mullet, Rivera & Sifre, P.S.C. and Kramer Levin
Naftalis & Frankel LLP serve as counsel to the Mutual Fund Group,
comprised of mutual funds managed by Oppenheimer Funds, Inc.,
Franklin Advisers, Inc., and the First Puerto Rico Family of Funds,
which collectively hold over $3.5 billion in COFINA Bonds and over
$2.9 billion in other bonds issued by Puerto Rico and other
instrumentalities, including over $1.8 billion of Puerto Rico
general obligation bonds ("GO Bonds").

White & Case LLP and Lopez Sanchez & Pirillo LLC represent the UBS
Family of Funds and the Puerto Rico Family of Funds, which hold
$613.3 million in COFINA bonds.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Robbins, Russell,
Englert, Orseck, Untereiner & Sauber LLP, and Jimenez, Graffam &
Lausell are co-counsel to the ad hoc group of General Obligation
Bondholders, comprised of Aurelius Capital Management, LP, Autonomy
Capital (Jersey) LP, FCO Advisors LP, Franklin Mutual Advisers LLC,
Monarch Alternative Capital LP, Senator Investment Group LP, and
Stone Lion Capital Partners L.P.

Quinn Emanuel Urquhart & Sullivan, LLP and Reichard & Escalera are
co-counsel to the ad hoc coalition of holders of senior bonds
issued by COFINA, comprised of at least 30 institutional holders,
including Canyon Capital Advisors LLC and Varde Investment
Partners, L.P.

Correa Acevedo & Abesada Law Offices, P.S.C., is counsel to Canyon
Capital Advisors, LLC, River Canyon Fund Management, LLC, Davidson
Kempner Capital Management LP, OZ Management, LP, and OZ Management
II LP (the QTCB Noteholder Group).

                           Committees

The U.S. Trustee formed a nine-member Official Committee of
Retirees and a seven-member Official Committee of Unsecured
Creditors of the Commonwealth.  The Retiree Committee tapped Jenner
& Block LLP and Bennazar, Garcia & Milian, C.S.P., as its
attorneys.  The Creditors Committee tapped Paul Hastings LLP and
O'Neill & Gilmore LLC as counsel.


Q & D INC: Hires Timothy Zearfoss as Bankruptcy Counsel
-------------------------------------------------------
Q & D, Inc. t/a Lamplighter Tavern seeks approval from the US
Bankruptcy Court for the Eastern District Of Pennsylvania to employ
Timothy Zearfoss, Esq., as attorney to represent the Debtor in its
chapter 11 case.

The Debtor proposes to pay the counsel on an hourly billable rate
of $250.00 for legal services rendered out of court and an hourly
billable rate of $300.00 for legal services rendered in court.

Timothy Zearfoss, Esq., attests that he is an otherwise
disinterested person and represents no interest adverse to Q & D,
Inc. or to the bankruptcy estate.

The Attorney can be reached through:

     Timothy Zearfoss, Esq.
     LAW OFFICE OF TIMOTHY ZEARFOSS
     143-145 Long Lane
     Upper Darby, PA 19082
     Tel: 610-734-7001
     Email: tzearfoss@aol.com

                       About Q & D, Inc.

Based in Delaware, Pennsylvania, Q & D, Inc. filed a chapter 11
petition (Bankr. E.D. Pa. Case No. 17-16064) on September 7, 2017.
The Debtor is represented by Timothy Zearfoss, Esq.  At the time of
filing, the Debtor estimated $0 to $50,000 in assets and
liabilities.


QEP RESOURCES: Egan-Jones Hikes Sr. Unsec. Debt Ratings to B+
-------------------------------------------------------------
Egan-Jones Ratings Company, on July 25, 2017, raised the senior
unsecured ratings on debt issued by QEP Resources Inc. to B+ from
B.

QEP Resources, Inc. (QEP) is a holding company with two
subsidiaries, QEP Energy Company and QEP Marketing Company, which
are engaged in two primary lines of business: oil and gas
exploration and production (QEP Energy), and oil and gas marketing,
operation of a gas gathering system and an underground gas storage
facility, and corporate activities (QEP Marketing and Other).


RENTECH INC: Egan-Jones Cuts Sr. Unsecured Ratings to CC
--------------------------------------------------------
Egan-Jones Ratings Company, on July 13, 2017, lowered the senior
unsecured ratings on debt issued by Rentech Inc. to CC from CCC-.

Rentech, Inc. is a Los Angeles, California, based United States
company that owns and operates wood fiber processing and nitrogen
fertilizer manufacturing businesses.


ROCK ELITE: Wants Exclusive Plan Filing Deadline Moved to Jan. 8
----------------------------------------------------------------
Rock Elite Fitness, LLC, asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend the Debtor's exclusive
period to file a plan of reorganization through and including Jan.
8, 2018, and extending the exclusive period to solicit acceptances
of its plan of reorganization for 60 days thereafter, to March 9,
2018.

Absent an extension, the Debtor's plan exclusivity period expires
on Oct. 10, 2017.

The Debtor notes that the deadline for creditors in this case to
file proofs of claim is Oct. 30, 2017.  Accordingly, the Debtor
requests that the exclusivity deadline be extended so all claims
may be filed prior to the Debtor being required to propose a plan
of reorganization.

The Debtor assures the Court that it is not seeking this extension
to delay the administration of the case or to pressure creditors to
accept an unsatisfactory plan.  To the contrary, the requested
extension to the Exclusive Periods will permit the Debtor to move
forward in an orderly, efficient and cost effective manner to
maximize the value of the Debtor's assets.

Headquartered in West Palm Beach, Florida, Rock Elite Fitness, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. S.D. Fla. Case
No. 17-17314) on June 12, 2017, estimating its assets at up to
$50,000 and its liabilities at between $100,001 and $500,000.  Dana
L. Kaplan, Esq., at Kelley & Fulton, PL, serves as the Debtor's
bankruptcy counsel.


ROOT9B HOLDINGS: Creditors Demand Repayment of $1.37M Notes
-----------------------------------------------------------
root9 Holdings, Inc., received on Sept. 15, 2017, a notice from
certain of its creditors stating that the Company had violated
certain covenant under a purchase agreement and demanding the
immediate repayment of all outstanding amounts due under the
Notes.

As previously disclosed, root9 Holdings issued a series of
unsecured convertible promissory notes to accredited investors
pursuant to a Securities Purchase Agreement, dated Oct. 23, 2014,
by and among the Company and certain creditors.

The aggregate value of the unpaid principal amount of the Notes,
was $1,375,000 as of Sept. 15, 2017.  The Notes are subordinate to
the secured creditors who, as previously disclosed, intend to sell
substantially all of the assets of the Company at an auction to
conclude Sept. 28, 2017.  The Company said it currently does not
have the working capital available to satisfy the demand for
repayment of these Notes.

                     About Root9B Holdings

root9B Holdings (OTCQB: RTNB) -- http://www.root9bholdings.com/--
is a provider of Cybersecurity and Regulatory Risk Mitigation
Services.  Through its wholly owned subsidiaries root9B and IPSA
International, the Company delivers results that improve
productivity, mitigate risk and maximize profits.  Its clients
range in size from Fortune 100 companies to mid-sized and
owner-managed businesses across a broad range of industries
including local, state and government agencies.

Root9B Technologies, Inc., changed its name to root9B Holdings,
Inc., effective Dec. 5, 2016, and relocated its corporate
headquarters from Charlotte, NC, to the current headquarters of
root9B, its wholly owned cybersecurity subsidiary, in Colorado
Springs, CO.

Root9B reported a net loss of $30.48 million for the year ended
Dec. 31, 2016, following a net loss of $8.33 million for the year
ended Dec. 31, 2015.  

As of March 31, 2017, Root9B Holdings had $16.84 million in total
assets, $15.80 million in total liabilities, and $1.03 million in
total stockholders' equity.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, noting that Company has suffered
recurring losses from operations and has negative operating cash
flows and will require additional financing to fund the continued
operations.  The availability of such financing cannot be assured.
These conditions raise substantial doubt about its ability to
continue as a going concern, the auditors said.


SIXTY SIXTY CONDO: Needs Short Extension to Close Deal, File Plan
-----------------------------------------------------------------
Sixty Sixty Condominium Association, Inc., filed with the U.S.
Bankruptcy Court for the Southern District of Florida an Agreed
Motion seeking an extension -- through September 25, 2017 -- of the
Debtor's exclusive period to file a revised Chapter 11 edit plan.

The Schecher Group, Inc. and owners of approximately 70 residential
units agreed to the filing of the Motion.

The Debtor seeks an extension as the parties await documentation of
the Settlement Agreement with Schecher Group, Inc.

On September 15, 2017, the Debtor, Schecher Group, the Residential
Unit Owners and Marc Realty Capital, LLC, the Buyer of the Debtor's
assets, participated in a judicial settlement conference
facilitated by the Hon. Judge Paul Hyman. During the Settlement
Conference, the Parties reached an agreement related specifically
to and conditioned upon a closing of the Marc Realty Contract as
approved by the Court.

Currently, the Parties are in the process of working diligently to
document the terms of the settlement insofar as the Closing.
Furthermore, the Schecher Group and Marc Realty must separately
reach a final agreement as to terms and conditions under which the
remaining amount of assumed liabilities of the Schecher Group
claims will be satisfied post-Closing.

Accordingly, the Parties request for a short extension of time in
order to allow the Debtor an opportunity to integrate the terms of
the settlement agreement as it pertains to the Closing into its
Second Amended Plan.

                   About Sixty Sixty Condominium

Sixty Sixty Condominium is a mixed-use hotel/residential building
located at 6060 Indian Creek Drive in Miami Beach, Florida.  Sixty
Sixty Condominium Association, Inc., a non-profit corporation, is
responsible for, among other things, the management, operation, and
maintenance of the Condominium's "Common Elements", and other
obligations imposed by state statute.

Sixty Sixty Condominium Association, Inc., filed a Chapter 11
bankruptcy petition (Bankr. S.D. Fla. Case No. 16-26187) on
December 5, 2016, listing $100,000 to $500,000 in total assets, and
$1 million to $10 million in liabilities.  The petition was signed
by Maria Velez, president of the Board of Directors.

The Hon. Robert A. Mark presides over the case.

Brett D. Lieberman, Esq., at Messana, P.A., represents the Debtor
as counsel.  Juda Eskew & Associates, PA, serves as the Debtor's
accountant.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case.


STOLLINGS TRUCKING: Committee Says Info in Plan Outline Inadequate
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Stollings Trucking
Company, Inc., filed with the U.S. Bankruptcy Court for the
Southern District of West Virginia an objection to the Debtor's
disclosure statement referring to the Debtor's Chapter 11 plan.

The Committee understands that several of the matters contained in
the Disclosure Statement are subject to litigation that is not
complete and cannot be valued at the present time.  The Committee
does not support approval of the Disclosure Statement in its
present form, until those matters can be quantified and a complete
and accurate liquidation analysis is provided.  The Committee says
that without a meaningful liquidation analysis, the unsecured
creditors will be unable to compare the liquidation options and
unable to determine whether the proposed plan is in the best
interest of unsecured creditors.

According to the Committee, a disclosure statement should:

     a. include the identity and fair market value of all the
        Debtor's assets.  The Debtor's schedules provided a list
        of 47 items of equipment and vehicles.  The Disclosure
        Statement contains a list of the 43 items of equipment and

        vehicles that it intends to liquidate.  The Court has
        approved the sale of 8 items of equipment, but the Debtor
        has only filed one report of sale during the case.  This
        cause of this discrepancy is not apparent from the record.

        The Debtor also has motions to sell another six items that

        are pending before the Court.  The Disclosure Statement
        should provide more information regarding (1) the items
        owned by the Debtor on the petition date, (2) an
        accounting of the items that have been sold or approved
        for sale, and (3) the equipment that remains to be sold.  
        The identity and value of assets sold and assets remaining

        to be sold is necessary for creditors and the Court to
        understand the Debtor's financial condition and evaluate
        the liquidation analysis;

     b. does not provide adequate information regarding the terms
        of the Trust agreement.  It does not contain a summary of
        the Trust, it does not describe the specific assets to be
        included in the Trust liquidated pursuant to the trust
        agreement.  It does not state what assets (if any) will be

        retained by the Debtor and the proposed disposition of
        those assets.  In addition, there is no information
        regarding the costs of administering the Trust, including
        the cost of the Trustee and professionals that the trustee

        may employ, which expenses are necessary for a meaningful
        liquidation analysis;

     c. mentions three causes of action that the Debtor is
        currently pursuing and which may generate recoveries for
        the estate, involving XL Insurance and Continuum Coal/GS
        Energy.  But there is inadequate information regarding the

        status of the litigation, the optimal and likely outcomes
        for the Debtor, which is necessary for creditors to
        evaluate the potential outcomes of the litigation and the
        potential distribution to creditors;

     d. mentions pending litigation before the WV Surface Mine
        Board regarding an over-bonded haul road permit and
        anticipates a ruling favorable to the Debtor.  However,
        there is not adequate information regarding the ultimate
        benefit to the Debtor in the event of a favorable ruling,
        or and the ultimate disadvantage to the Debtor in the
        event of an unfavorable ruling.  In particular, the
        Disclosure Statement does not provide information as to
        how whether a favorable ruling will affect the
        distribution to creditors;

     e. contains no information regarding leasehold interest,
        value, or disposition of a coal lease with Pioneer/
        Blackhawk/Robin Land Company in this case.  In addition,
        the Disclosure Statement and Plan do not state whether the

        Debtor intends to assume or reject the lease; and

     f. does not describe the conditions necessary for the release

        of bonds and recovery of cash deposits, and who will be
        responsible for meeting those conditions, performing
        reclamation, and securing release of the funds.  The
        Debtor has on deposit $1,800,000 in CDs that secure the
        mining reclamation bonds posted by the Debtor, which is a
        significant asset of the estate.  Moreover, the Disclosure
        Statement does not provide any information whether the
        Debtor is currently in compliance with ongoing
        environmental and reclamation requirements.  In fact, the
        Disclosure Statement indicates the Debtor will continue
        reclamation work so the permits will enable the bond
        releases, but the Debtor has indicated it is liquidating
        all of its equipment since it is not needed for
        reclamation.

A copy of the Objection is available at:

           http://bankrupt.com/misc/wvsb15-20624-415.pdf

The Committee is represented by:

     Douglas A. Kilmer, Esq.
     14 Stonecove Road
     Charleston WV 25309
     Tel: (304) 552-2969
     E-mail: dougkilmerlaw@gmail.com

                     About Stollings Trucking

Stollings Trucking Company, Inc., began its operations in 1990.
Throughout the years, the Debtor both hauled coal and mined coal
for its own profit.  As it grew, it acquired more equipment and
rolling stock.  Stollings also obtained mining permits on property
in Logan County, West Virginia, and was a party to coal leases.

Stollings Trucking sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 15-20624) on Dec. 7,
2015.  Rhonda Marcum, president, signed the petition.

At the time of the filing, the Debtor estimated assets and
liabilities of $1 million to $10 million.

Judge Frank W. Volk presides over the case.

Joseph W. Caaldwell, Esq., at Caldwell & Riffee, in Charleston, WV,
is serving as counsel to the Debtor.


STOLLINGS TRUCKING: Lyndon Property Tries to Block Plan Outline OK
------------------------------------------------------------------
Lyndon Property Insurance Company, Inc., filed with the U.S.
Bankruptcy Court for the Southern District of West Virginia an
objection to Stollings Trucking Company, Inc.'s disclosure
statement dated July 20, 2017, referring to the Debtor's Chapter 11
plan of liquidation dated July 20, 2017.

Lyndon complains that the Disclosure Statement does not provide
adequate information regarding Lyndon's claim, the surety bonds,
the LCs, the Debtor's reclamation obligations and the claims
arising from any failure to perform those obligations, the Debtor's
financial condition and projections, and the structure and
operation of the proposed liquidating trust.

Th eDisclosure Statement, says Lyndon, cannot be approved as it
does not provide the information required for creditors and
parties-in-interest to determine whether to vote in favor or
against the Plan.  Lyndon reaffirms its commitment, however, to
work with the Debtor to propose a confirmable plan and hereby
requests that the Court grant the Debtor additional time to
formulate a plan.

Lyndon has a claim against the Debtor in the amount of $1,458,284.
This claim is secured, in part, by the LCs.  The Disclosure
Statement, despite listing Lyndon as a secured creditor in the
amount of $510,399, does not otherwise identify Lyndon, its claim,
or the collateral securing that claim in any other way and, in
fact, even the Plan itself does not classify or provide any
proposed treatment for Lyndon's claim.  The failure to mention or
provide any treatment for a claim in excess of a million dollars is
surely a per se lack of "adequate information" regarding that
claim, Lyndon states.

Lyndon says that because the Disclosure Statement does not
reference its claim, it also fails to provide "adequate
information" regarding the potential effect of Lyndon's claim on
the bankruptcy estate.  In the event that some or all of the Surety
Bonds are forfeited to West Virginia Department of Environmental
Protection, Lyndon will necessarily draw on the LCs. See Graham v.
State of West Virginia.  To the extent that the LCs are secured by
estate property in an equivalent amount, the Debtor's estate will
be diminished by the full amount of the LCs.

In the event of bond forfeiture, Lyndon will seek to enforce its
indemnity claim against the Debtor and, as a result of its payment
of the Surety Bond amounts to WVDEP, it will be subrogated to the
claim of WVDEP.

Because WVDEP would be entitled to an administrative expense
priority claim against the estate, Lyndon, as the subrogee of
WVDEP, would be entitled to that same priority.  In the event of
bond forfeiture, Lyndon will possess an administrative priority
claim in an amount not less than $947,885.

In the event the Debtor's reclamation liability exceeds the amount
of the Surety Bonds, WVDEP itself would also have an administrative
expense claim for the amount of any excess liability.  Neither the
Plan nor the Disclosure Statement appear to contemplate these
administrative liabilities, notwithstanding their contemplation of
the potential for forfeiture of the Debtor's bonds.

The Debtor, in its Disclosure Statement and Plan, appears to
recognize that reclamation is the primary obligation of the Debtor
and that the Debtor is ultimately responsible for reclaiming its
permits to the standards required by WVDEP.  Lyndon shares that the
Disclosure Statement is less clear, however, regarding how this
reclamation will be conducted, who will do it, how much it will
cost, and how long it will take.  This information is required for
creditors and parties-in-interest to evaluate the propriety and
feasibility of the Plan.

According to Lyndon, there is language in the Disclosure Statement
from which one could surmise that the Debtor is the party that will
conduct, and pay for, any required reclamation.  This supposition,
however, appears to be contradicted by the fact that (i) the Debtor
is in the process of disposing of all or substantially all of the
equipment it would need to perform reclamation; and (ii) the Plan
appears to contemplate the transfer of all of the assets and
liabilities of the Debtor to a liquidating trust.

Lyndon claims that the Disclosure Statement also provides no
information regarding the structure of the liquidating trust or the
identity of any liquidating trustee.

A copy of the Objection is available at:

         http://bankrupt.com/misc/wvsb15-20624-413.pdf

Lyndon is represented by:

     Stephen L. Thompson, Esq.
     BARTH & THOMPSON
     P.O. Box 129
     Charleston, West Virginia 25321
     Tel: (304) 342-7111
     Fax: (304) 342-6215
     E-mail: sthompson@barth-thompson.com

          -- and --

     Daniel I. Waxman, Esq.
     WYATT, TARRANT & COMBS, LLP
     250 West Main Street, Suite 1600
     Lexington, Kentucky 40507
     Tel: (859) 233-2012
     Fax: (859) 259-0649
     E-mail: Lexbankruptcy@wyattfirm.com

                     About Stollings Trucking

Stollings Trucking Company, Inc., began its operations in 1990.
Throughout the years, the Debtor both hauled coal and mined coal
for its own profit.  As it grew, it acquired more equipment and
rolling stock.  Stollings also obtained mining permits on property
in Logan County, West Virginia, and was a party to coal leases.

Stollings Trucking sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 15-20624) on Dec. 7,
2015.  Rhonda Marcum, president, signed the petition.

At the time of the filing, the Debtor estimated assets and
liabilities of $1 million to $10 million.

Judge Frank W. Volk presides over the case.

Joseph W. Caaldwell, Esq., at Caldwell & Riffee, in Charleston, WV,
is serving as counsel to the Debtor.


STONE FOX: Chapter 11 Petition Filed in Bad Faith, Court Rules
--------------------------------------------------------------
On Sept. 12, 2017, hearings were held involving Debtor Stone Fox
Capital LLC with respect to the following matters: (1) the Motion
of the U.S.  Trustee to Dismiss Chapter 11 Case; (2) Creditor's
Motion for Sanctions Pursuant to USCS Bankruptcy Rule 9011; and (3)
the Court's Order dated August 10, 2017 requiring Stone Fox to
appear and show cause why the case should not be dismissed with
prejudice.

Upon consideration of the parties' filings, the record of the case
as well as the Debtor's previous case, and the testimony and
arguments presented on Sept. 12, 2017, Judge Carlota M. Bohm of the
U.S. Bankruptcy Court for the Western District of Pennsylvania
finds that dismissal of the case with prejudice is appropriate.

The Court finds that sufficient grounds for dismissal exist as
Debtor has failed to obtain disinterested, court-approved counsel
and cannot proceed pro se. Furthermore, the case must be dismissed
as the evidence supports a finding that the petition was not filed
in good faith. Accordingly, dismissal with prejudice is
appropriate, and Debtor shall not be permitted to file a bankruptcy
petition for 180 days. No sanctions will be imposed at this time.

A full-text copy of Judge Bohm's Memorandum Opinion dated Sept. 18,
2017, is available at:

     http://bankrupt.com/misc/pawb17-22680-75.pdf

                About Stone Fox Capital LLC

Stone Fox Capital LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Pa. Case No. 17-22680) on June 30,
2017.  Judge Carlota M. Bohm presides over the case.

The Debtor previously filed Chapter 11 petition (Bankr. W.D. Pa.
Case No. 16-24791).  That case was filed on December 29, 2016, and
was dismissed on January 17, 2017.


SUNEDISON INC: Proposes Bid Procedures for Sherman Real Property
----------------------------------------------------------------
BankruptcyData.com reported that SunEdison Inc. filed with the U.S.
Bankruptcy Court a motion for an order approving bidding procedures
related to the Debtors' sale of real property located in Sherman,
TX (subject to higher or better offers and Court approval), the
times, dates, places and forms of notice for an auction and a sale
hearing, a break-up fee and expense reimbursement, an order
approving the sale (free and clear of liens, claims, encumbrances
and other interests) and authorizing the payment of broker
commissions on an interim basis from sale proceeds.  The motion
explains, "Indeed, after a year plus process and consideration of
numerous written offers to acquire the Texas Property, the Debtors
accepted, subject to higher and better offers and Bankruptcy Court
approval, the written offer from Corning Research & Development
(the 'Stalking Horse Purchaser') as a 'stalking horse offer'.  The
Debtors and the Stalking Horse Purchaser have negotiated a purchase
and sale agreement . . . providing for the sale of the Texas
Property for a purchase price of $21,000,000 (the 'Purchase
Price'), subject to higher or better offers and Bankruptcy Court
approval.  The Stalking Horse Purchaser provided the Debtors with a
$500,000 initial deposit upon execution of the Purchase Agreement
(the 'Deposit').  If the Purchase Agreement has not been previously
terminated due to a default by the Stalking Horse Purchaser or a
Remediation Termination Event and if the Court approves the Sale of
the Texas Property to a Successful Purchaser that is not the
Stalking Horse Purchaser or otherwise declines to approve the Sale
to the Stalking Horse Purchaser, the Purchase Agreement provides
that the Stalking Horse Purchaser will be entitled to (a) the
return of the Deposit, (b) a break-up fee equal to three-percent
(3%) of the approved Purchase Price, (the 'Break-Up Fee'), and (c)
an expense reimbursement up to $150,000 (the 'Expense
Reimbursement')."

                      About SunEdison, Inc.

SunEdison, Inc. (OTC PINK: SUNEQ), is a developer and seller of
photovoltaic energy solutions, an owner and operator of clean power
generation assets, and a global leader in the development,
manufacture and sale of silicon wafers to the semiconductor
industry.

On April 21, 2016, SunEdison, Inc., and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong, the senior vice
president, general counsel and secretary, signed the petitions.  

The Debtors disclosed total assets of $20.7 billion and total debt
of $16.1 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rothschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.  The Debtors employed
PricewaterhouseCoopers LLP as financial advisors; and KPMG LLP as
their auditor and tax consultant.

SunEdison also tapped Eversheds LLP as its special counsel for
Great Britain and the Middle East.  Cohen & Gresser LLP has also
been retained as special counsel.

The Debtors tapped Ernst & Young LLP to provide tax-related
services.  Keen-Summit Capital Partners LLC has been hired as real
estate advisor.  Binswanger of Texas, Inc. also has been retained
as real estate agent.

Sullivan & Cromwell LLP serves as counsel to TerraForm Power, Inc.,
and TerraForm Global, Inc.

An official committee of unsecured creditors has been appointed in
the case.  The Committee tapped Weil, Gotshal & Manges LLP as its
general bankruptcy counsel and Morrison & Foerster LLP as special
counsel.  Togut, Segal & Segal LLP and Kobre & Kim LLP serve as
conflicts counsel.  Alvarez & Marsal North America, LLC, serves as
the Committee's financial advisors.

Counsel to the administrative agent under the Debtors' prepetition
first lien credit agreement are Richard Levy, Esq., and Brad
Kotler, Esq., at Latham & Watkins.

Counsel to the administrative agent under the postpetition DIP
financing facility are Scott Greissman, Esq., and Elizabeth Feld,
Esq., at White & Case LLP.

Counsel to the Tranche B Lenders (as defined in the DIP credit
agreement) and the steering committee of the second lien creditors
are Arik Preis, Esq., and Naomi Moss, Esq., at Akin Gump Strauss
Hauer & Field, LLP.

Counsel to the administrative agent under the Debtors' prepetition
second lien credit agreement is Daniel S. Brown, Esq., at Pillsbury
Winthrop Shaw Pittman LLP.

The collateral trustee under the Debtors' prepetition second lien
credit agreement and the indenture trustee under each of the
Debtors' outstanding bond issuances, is represented by Marie C.
Pollio, Esq., at Shipman & Goodwin LLP.

Counsel to the ad hoc group of certain holders of the Debtors'
convertible senior notes is White & Case LLP's Tom Lauria, Esq.

                          *    *    *

On March 28, 2017, the Debtors filed their Plan of Reorganization
and related Disclosure Statement.


SUSITNA STATION AIRFIELD: U.S. Survey 4274 to be Auctioned Dec. 1
-----------------------------------------------------------------
Fidelity Title Agency of Alaska, as Trustee, will sell the property
described as U.S. Survey 4274 located within Sections 13 and 14,
township 21 South, Range 1 East, Fairbanks Meridian, Alaska,
located in the Talkeetna Recording District, Third Judicial
District, State of Alaska, at a foreclosure auction set for Dec. 1,
2017.

North Susitna Station Airfield and Heliport, LLC, the owner of the
property, has been declared in default under a deed of trust it
executed in favor of Coast-Line Enterprises, Incorporated, and John
Lutz and Mary Lutz, husband and wife, as Beneficiary.

"Trustor is in default as payment of the Deed of Trust Note is 33
months or more past due," according to a notice by Fidelity Title.

The amount due and owing by Susitna Station Airfield to the
Beneficiaries as of July 17, 2017, is $576,780.75, which includes
$476,251.23 in principal, $91,974.75 in interest from October 14,
2014, $760.00 in escrow fees and escrow termination fees, $4,631.77
in past due and owing property taxes for 2015 and 2016 (excluding
late fees), $1,713.00 for Trustee's Sale Guarantee, and $1,450.00
in attorney fees incurred to date.  The Balance will continue to
accrue interest after July 17 at a rate in accordance with the Note
until the time of sale.  Other charges, as allowed under the loan
documents, may also accrue until the time of sale.

Fidelity Tile is selling the property, by demand of the
Beneficiary, to satisfy the obligations secured thereby at an
auction sale to be held on December 1, 2017, in the main lobby of
the Boney Courthouse, 303 K. Street, Anchorage, Alaska.  The Sale
may be held with other sales as Trustee may conduct which shall
begin at 10:00 a.m. and continue until complete.  The attorney for
the trustee or another agent of the trustee may conduct the sale.
Sale shall be made to the highest bidder.

Payment must be made at the time of sale in cash or by cashier's
check.  The Beneficiary may enter a credit offset bid consisting of
sums due it under the deed of trust security agreement and
Promissory Note.  Title to the real property with be conveyed by
the trustee's quitclaim deed without warranties of title.

If default has arisen by failure to make payments required  under
the Promissory Note  and/or deed of trust, the default may be cured
and this sale terminated if (1) payment of the sum then in default,
other than principal that would not then be due if default had not
occurred, and attorney fees and other foreclosure fees and costs
actually incurred by the Beneficiary and the Trustee due to the
default has been made at any time before the sale date stated in
this notice or to which the sale is postponed, and (2) when notice
of default has been recorded two or more times previously under the
same deed of trust described and the default has been cured, the
trustee does not elect to refuse payment and continue the sale.  To
determine the current amount required to be paid to cure the
default and reinstate the payment terms of the Promissory Note,
interested parties may direct requests to:

     The Dawson Law Group, LLC.
     P.O. Box 244965
     Anchorage, AK 99524
     Telephone 907-277-3995

The Trustee may be reached at:

     Leslie Plikat / COO
     Fidelity Title Agency of Alaska, Trustee
     3150 C St #220
     Anchorage, AK 99503
     Tel: 907-277-6601


T3M INC: Court Grants Conditional Conversion to Chapter 7
---------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court granted
conditional approval to the motion to convert T3M's Chapter 11
reorganization to a liquidation under Chapter 7 or, alternatively,
to dismiss the case.  

According to the report, the order provides, among other things,
that if the Debtor does not file a sale procedures motion by 5:00
p.m. Pacific Time on Sept. 21, 2017, the Debtor's chapter 11 case
shall be converted to a case under chapter 7 of the United States
Bankruptcy Code without an opportunity for further argument or
briefing and the UST shall appoint a chapter 7 trustee, provided,
however that the UST and/or Lender Collections may request that
such conversion not take place, which such request shall be
considered by the Court.  If the Procedures Motion is timely filed,
the Motions are continued and the Court will hold a hearing to
consider the Procedures Motion on Sept. 28, 2017 at 1:30 p.m.
Pacific Time.

                         About T3M Inc.

Founded in 2006 in Costa Mesa, California, and previously known as
T3 Motion, Inc., T3M Inc. designs, manufactures and markets
personal mobility vehicles powered by electric motors to the
professional and consumer markets. Its initial product is the T3
Series, a three wheel, electric stand-up vehicle powered by a
quiet, zero-gas emission electric motor that is designed
specifically for public and private security personnel.

T3M Inc. sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 17-14082) on May 15, 2017.  Mi "Michael"
Zhang, president, signed the petition.  The Debtor estimated assets
and debt at $1 million to $10 million as of the bankruptcy filing.

Judge Scott H. Yun presides over the case.

Aram Ordubegian, Esq., and M. Douglas Flahaut, Esq., at Arent Fox
LLP, serve as the Debtor's legal counsel.  LKP Global Law LLP is
the Debtor's special litigation counsel.


TENET HEALTHCARE: Fitch Affirms 'B' Long-Term IDR; Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has affirmed Tenet Healthcare Corp.'s ratings,
including the long-term Issuer Default Rating (IDR) at 'B'. The
ratings apply to approximately $15.4 billion of debt at June 30,
2017. The Rating Outlook is Stable.  

KEY RATING DRIVERS

Favorable Operating Profile: Tenet is among the largest for-profit
operators of acute care hospitals in the U.S. and, following the
acquisition of a majority interest in United Surgical Partners
International (USPI) in 2015, also a leading operator of ambulatory
surgery and imaging centers. The USPI transaction improved Tenet's
payor mix and boosted its position in more profitable outpatient
services. USPI also provides an offset to Fitch's expectation for
flat to declining inpatient hospital volumes due to a secular shift
toward lower-cost care.

Lingering High Leverage: Debt funding of the USPI transaction
prolonged the deleveraging horizon Fitch considered following
Tenet's 2013 acquisition of acute care hospital operator Vanguard
Health Systems, Inc. Deleveraging has been slow because it relies
primarily on EBITDA growth. Tenet's weak free-cash-flow (FCF)
generation has limited the company's ability to repay debt; at June
30, 2017 leverage (total debt/EBITDA after associate and minority
dividends) was 7.5x.

FCF Persistently Weak: Lower cash interest expense following the
refinancing of high-cost debt as well as lower capital intensity
due to the completion of several large hospital construction
projects is contributing to slightly improving FCF (CFO less
capital expenditures and after associate and minority dividends),
but the level remains weak, both on an absolute basis and compared
with the company's peer group. During 2016, Tenet spent $517
million on a litigation settlement. When adjusted for this one-time
payment and a delay in certain payments from the state of
California during 2017, LTM June 30, 2017 FCF would have been about
negative $50 million.

Activist Shareholder: Glenview Capital has an 18% ownership stake
in Tenet, and in August 2017 two Glenview employees stepped down
from Tenet's BOD, resulting in the suspension of a stand-still
agreement with the company. Glenview has a history of instigating
change in the hospital sector, most notably a proxy battle with
Health Management Associates (HMA) that resulted in the re-seating
of the Board of Directors and culminating in a sale of that company
to Community Health Systems. Glenview has not made public any
detailed plans about strategic objectives or priorities with
respect to its ownership stake in Tenet, but Tenet's CEO has
announced that he will resign in March 2018 or sooner if a
replacement is selected.

Operational Restructuring Plan: Tenet has been pruning the
portfolio of hospitals through divestitures, and in early September
management announced plans to sell another eight hospitals. A more
comprehensive operational restructuring, including a sale of one of
the operating segments, could be advanced by activist shareholders
as a strategic option. The influence of such a transaction on the
credit profile would depend upon the amount of proceeds raised, the
use of the proceeds for various priorities including debt
repayment, and the operational outlook for the remaining business.
The terms of Tenet's debt agreements provide the company with a
good deal of leeway in terms of asset sales and use of proceeds.

Regulatory Uncertainty: Any policy to replace or reform the
Affordable Care Act (ACA) that results in fewer insured individuals
will result in a weaker payor mix for acute care hospitals, which
would pressure margins unless offset by cost-saving measures or
higher reimbursement through a rollback of the fees and payment
cuts required by the ACA. Tenet's management has stated that the
ACA has been a headwind to earnings considering its associated cuts
to Medicare and Medicaid payments.

DERIVATION SUMMARY

Tenet's 'B' IDR reflects the company's highly leveraged balance
sheet and weak FCF generation. The financial profile is similar to
'B' rated hospital industry peer Community Health Systems, Inc.
(CHS). Both companies have high financial leverage as a result of
large debt funded acquisitions made during 2013-2015. Tenet has a
stronger operating profile than CHS. Like higher rated industry
peers HCA Healthcare, Inc. and Universal Health Services, Inc.,
Tenet's hospitals are primarily located in urban or large suburban
markets that have relatively favorable organic growth prospects.

KEY ASSUMPTIONS

Fitch's key assumptions within its ratings case for the issuer
include:

-- Top-line growth of approximately negative 2% in each of 2017
    and 2018; this assumes flat same hospital growth in the
    hospital operations segment and approximately 4% growth in
    each of the Conifer Health Solutions and ambulatory care
    segments, and includes the divestitures of the Houston and
    Philadelphia hospitals;

-- Operating EBITDA margin (Fitch's EBITDA calculation excludes
    income from affiliates) of 12.1% in 2017 and expanding
    slightly through the forecast period due to the divestiture of

    the lower margin Philadelphia hospitals, wind down of the
    health plan business and growth of the higher margin
    ambulatory segment's share of EBITDA. Fitch's 2017 EBITDA
    forecast assumes that the California provider fee program is
    approved late in the calendar year;

-- Tenet spends about $560 million to acquire Welsh, Carson,
    Anderson, & Stowe's remaining 15% interest in the USPI joint
    venture through the end of 2019;

-- Capital expenditures of $730 million in 2017 and capital
    intensity of 4% through 2020;

-- FCF (CFO less capital expenditures and associate and minority
    dividends) of about $150 million in 2017 and 2018-2020 FCF
    margin of slightly above 1%;

-- Total debt/EBITDA after associate and minority dividends is
    7.1x at the end of 2017 and declines to about 6.5x by 2020 due

    to EBITDA growth and a small amount of proceeds from hospital
    divestitures used to repay debt.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
An expectation of gross debt/EBITDA after associate and minority
dividends sustained near 5.5x and an FCF margin of 3%-4% could
result in an upgrade to 'B+'.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action
Gross debt/EBITDA after associate and minority dividends durably
above 7.0x coupled with a cash flow deficit that requires
incremental debt funding to complete the purchase of WCAS's
ownership stake in USPI through 2019 are likely to cause a
downgrade to 'B-'. This would most likely be accompanied by further
deterioration in organic trends in patient volumes in the hospital
operations segment. Fitch's current ratings case anticipates
stabilization but not an improvement in trends.

LIQUIDITY

Generally Adequate Liquidity Profile: At June 30, 2017, liquidity
was provided by $475 million of cash on hand and $998 million of
availability on the $1 billion capacity bank revolver. Tenet's debt
agreements do not include financial maintenance covenants aside
from a 1.5x fixed-charge coverage ratio test in the bank agreement
that is only in effect during a liquidity event, defined as
whenever available asset-based lending (ABL) facility capacity is
less than $100 million. LTM EBITDA/interest paid equalled 2.2x and
is expected to improve slightly through the forecast period due to
lower interest expense stemming from recent refinancing of some
relatively high cost debt. Aside from the ABL facility, there is no
floating rate debt in the capital structure, so exposure to rising
interest rates is not a concern.

Weak FCF Generation: Opportunities to reduce leverage through debt
repayment are limited partly because Tenet does not consistently
generate positive FCF. Industry lagging profitability and a high
interest expense burden have been ongoing headwinds. In the LTM
period ended June 30, 2017, Fitch calculates that FCF would have
been about negative $50 million if adjusted for one-time items
related to a litigation settlement payment of $517 million in late
2016 and the delay of a cumulative $110 million of supplemental
Medicaid payments from the state of California.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the follow ratings:

Tenet Healthcare Corp.
-- Long-term IDR at 'B';
-- Senior secured ABL facility at 'BB/RR1';
-- Senior secured first-lien notes at 'BB-/RR2';
-- Senior secured second-lien notes a t 'B-/RR5';
-- Senior unsecured notes at 'B-/RR5'.

The Rating Outlook is Stable.

The 'BB/RR1' and 'BB-/RR2' ratings for Tenet's ABL facility and the
senior secured first-lien notes reflects Fitch's expectation of
100% recovery for the ABL facility and 90% recovery for the $6.1
billion first-lien secured notes, respectively, under a bankruptcy
scenario. The 'B-/RR5' rating on the $2.2B senior secured
second-lien notes and $6.4 billion senior unsecured notes reflects
Fitch's expectations of recovery of 22% of outstanding principal.
The ABL facility is assumed to be fully recovered before the other
secured debt in the capital structure. The ABL facility is secured
by a first-priority lien on the patient accounts receivable of all
the borrower's wholly owned hospital subsidiaries, while the first-
and second-lien secured notes are secured by the capital stock of
the operating subsidiaries, making the notes structurally
subordinate to the ABL facility with respect to the accounts
receivable collateral.
Fitch estimates an enterprise value (EV) on a going concern basis
of $7.8 billion for Tenet, after a deduction of 10% for
administrative claims. The EV assumption is based on post
reorganization EBITDA after dividends to associates and minorities
of $1.2 billion and a 7x multiple.

The post-reorganization EBITDA estimate is 43% lower than LTM
EBITDA and considers the attributes of the acute care hospital
sector including a high proportion of revenue (30%-40%) generated
by government payors, exposing hospital companies to unforeseen
regulatory changes; the legal obligation of hospital providers to
treat uninsured patients, resulting in a high financial burden for
uncompensated care, and the highly regulated nature of the hospital
industry. During the early part of the past decade, Tenet's EBITDA
dropped by more than half as a result of an operational
restructuring to correct business practices in violation of
Medicare standards.

There is a dearth of bankruptcy history in the acute care hospital
segment. In lieu of data on bankruptcy emergence multiples in the
sector, the 7x multiple employed for Tenet reflects a history of
acquisition multiples for large acute care hospital companies with
similar business profiles as Tenet in the range of 7x-10x since
2006 and the average current trading multiple (EV/EBITDA) of
Tenet's peer group (HCA, UHS, LPNT, CYH), which is about 8.0x and
has fluctuated between approximately 6.5x and 9.5x since 2011.

Fitch assumes that Tenet would draw $500 million or 50% of the
available capacity on the $1 billion ABL facility in a bankruptcy
scenario, and includes that amount in the claims waterfall. The
revolver is collateralized by patient accounts receivable, and
Fitch assumes a reduction in the borrowing base in a distressed
scenario, limiting the amount Tenet can draw on the facility.

Based on the definitions of the secured debt agreements, Fitch
believes that the group of operating subsidiaries that guarantee
the secured debt excludes any non-wholly owned and nondomestic
subsidiaries and therefore does not encompass the value of the
segments that is not owned by Tenet. At Dec. 31, 2016, Fitch
estimates that about 74% of consolidated LTM EBITDA was contributed
by the hospital operations segment and the portion of the
ambulatory care segment owned by Tenet and uses this value as a
proxy to determine a rough value of the secured debt collateral of
$5.8 billion. Fitch assumes this amount is completely consumed by
the ABL facility and the first-lien lenders, leaving $2 billion of
residual value to be distributed on a pro rata basis to the
remaining $800 million of first-lien claims and the second-lien
secured and unsecured claims.


THORPE INSULATION: 9th Cir. Vacates Settlement Enforcement Ruling
-----------------------------------------------------------------
Judge John B. Owens of the U.S. Court of Appeals for the Ninth
Circuit vacates the District Court's order affirming a Bankruptcy
Judge's order enforcing settlement in the appeals case captioned
MICHAEL J. MANDELBROT; THE MANDELBROT LAW FIRM, Appellants, v. J.T.
THORPE SETTLEMENT TRUST; THORPE INSULATION COMPANY ASBESTOS
SETTLEMENT TRUST; CHARLES B. RENFREW, Administrative Law Judge,
Futures Representative, Appellees, No. 15-56430, (9th Cir.) for
further proceedings.

The appellees in this case -- the J.T. Thorpe Settlement Trust, and
the Thorpe Insulation Company Asbestos Settlement Trust -- are
asbestos bankruptcy trusts. The third appellee, Charles Renfrew, is
the "futures representative" of the two appellee trusts, a
fiduciary charged with representing the interests of future
claimants.

Asbestos trusts are created through the Chapter 11 reorganization
of entities exposed to significant asbestos liability. Although
asbestos trusts arise in the course of federal bankruptcy
proceedings, they are formally created under state trust law. The
J.T. Thorpe and Thorpe Insulation plans of reorganization followed
the standard practice of the bankruptcy court retaining
jurisdiction to supervise the administration of the trust.

The Thorpe Trusts' procedures provide for claimants to submit
evidence and for the relevant trust to evaluate it. To the extent
the claimant shows exposure to the Debtor's asbestos and
compensable harm, the trust offers a settlement. A claimant may
reject the offer and start adversarial proceedings, but only after
the ordinary claims process runs its course.

This case starts with the Thorpe Trusts' barring Michael J.
Mandelbrot from presenting evidence on behalf of his clients, which
is a remedy -- "debarment" -- that helps asbestos trusts protect
themselves from paying out on bad claims.

For over 20 years, Mandelbrot has represented asbestos claimants
before trusts created in the course of federal Chapter 11
proceedings. As of 2013, he had submitted more than 13,000 claims
to asbestos trusts nationwide. In the fall of 2011, the Thorpe
Trusts -- along with another, the Western Asbestos Settlement Trust
-- began investigating some of those claims.

Each of the Thorpe Trusts, as well as the Western Trust, are
distinct entities. To reduce overhead, however, the trusts share
certain administrative resources -- both of the Thorpe Trusts have
contracted out their claims administration function to the Western
Trust. Claims are asserted against individual trusts, and then --
for administrative purposes only -- processed by the Western
Trust's staff. Debarring Mandelbrot from the Thorpe Trusts means
that he cannot file claims for compensation out of Thorpe Trust
funds, but relieves the Western Trust of the administrative burdens
associated with processing those claims.

The three trusts essentially undertook a single joint
investigation, which concluded, in May of 2013, with a letter to
Mandelbrot finding that he was "unreliable," and that, with respect
to the Thorpe Trusts, he had engaged in a pattern of submitting
unreliable evidence. The trusts also noted the existence of
"substantial information to support a conclusion" that Mandelbrot
had intentionally falsified evidence, but did not actually "make
such a determination."

As a result of their findings, the Thorpe Trusts (but not the
Western Trust) debarred Mandelbrot. They determined that they would
"accept no further evidence or claims from [him]," but offered to
suspend that bar if Mandelbrot submitted his clients' claims to
extra scrutiny during a two-year probationary period.

Mandelbrot did not take them up on their offer, and in August of
2013, the Thorpe Trusts jointly moved the bankruptcy court for
instructions (essentially a declaratory judgment) that their
decision to debar Mandelbrot was "authorized under the TDPs of each
Trust, and reasonable in light of the Trusts' audit and
investigative findings."

In exchange for Mandelbrot's agreement to be debarred, the Thorpe
Trusts and the Western Trust agreed that they would not seek to
recover any money from Mandelbrot. The parties departed on the
understanding that they would memorialize the settlement in a final
written agreement. However, Mandelbrot did not hold up his end of
the deal -- he repudiated the settlement within days.

Accordingly, the Thorpe Trusts filed a motion to enforce the
agreement, which Mandelbrot opposed on the grounds that his
agreement not to practice before the four trusts (the "debarment
provision") was illegal under California Business and Professions
Code Section 16600 -- which provides that "every contract by which
anyone is restrained from engaging in a lawful profession... is to
that extent void" -- and California Rule of Professional Conduct
1-500 -- which prohibits a California lawyer from being "a party
to... an agreement, whether in connection with the settlement of a
lawsuit or otherwise, if the agreement restricts the right... to
practice law."

Without addressing section 16600 or Rule 1-500, the Bankruptcy
Judge granted the Trusts' motion to enforce the settlement, and
barred Mandelbrot from filing claims with the Trusts. The District
Court affirmed that decision, concluding that California law
controls this issue, and that neither section 16600 nor Rule 1-500
prohibits the settlement agreement.

The Bankruptcy Judge found that the Thorpe Trusts' conclusion that
Mandelbrot had submitted unreliable claims to be reasonable.
Moreover, the Bankruptcy Judge recognized the existence of an
important countervailing interest -- asbestos trusts' need to
"protect their beneficiaries from a lawyer they find to be
unreliable."

The District Court affirmed that decision, concluding that
California law controls this issue, and that neither section 16600
nor Rule 1-500 prohibits the settlement agreement. The District
Court also concluded that harming the trusts' ability to vindicate
that interest "on the ground that refusing to deal with
[Mandelbrot] would harm his practice" would serve "no public policy
purpose." The District Judge likewise found that refusing to
enforce the debarment provision would not advance the policies
underlying California Rule of Professional Conduct 1-500. In the
District Judge's opinion, "the [debarment provision] does not deny
the public access to a lawyer who prevailed against the defendant
in a prior action. Instead, the District Judge further said that it
protects the public from one who submitted unreliable evidence that
led to further scrutiny, audits, and expense.

The ultimate question in this appeal is whether or not the
debarment provision is valid and enforceable -- to the extent
Mandelbrot tries to get out from under any other provision of the
settlement agreement. His only argument is that the debarment
provision is void and the remainder of the deal non-severable.

Mandelbrot argues that California law applies because the agreement
was made in, and will largely be performed in, California.
California law embodies a strong public policy against restricting
professional practice, and Mandelbrot argues that under California
Business & Professions Code Section 16600, as well as California
Rule of Professional Conduct 1-500, the settlement agreement is
void.

On the other hand, the Thorpe Trusts contend that the issue is
governed by either Nevada law -- because they are domiciled in that
state and constituted under its law of trusts -- or federal law --
because the trusts were brought forth and continue to operate
pursuant to a federally-supervised plan of reorganization. The
trusts' ultimate position, however, is that Mandelbrot's agreement
to be debarred is enforceable regardless of which law applies.

The Ninth Circuit notes that in its written opinion, the District
Court did not discuss Golden v. California Emergency Physicians
Medical Group, 782 F.3d 1083 (9th Cir. 2015), which the Ninth
Circuit had decided a few months prior. The Ninth Circuit finds
that the District Court also did not analyze whether federal law
controlled the case, as neither party had clearly argued its
application.

In Golden, the Court examined whether section 16600 prohibited a
settlement agreement that constrained a physician's freedom to
practice medicine. After thoroughly reviewing the statutory
language and relevant case law, the majority concluded that "in
determining a contract's validity under Section 16600... the court
should direct its inquiry according to the actual statutory
language: whether the challenged provision 'restrains anyone from
engaging in a lawful profession, trade, or business of any kind.'"
The majority in Golden, interpreted California law to require a
broad reading of section 16600. Because the District Court in the
Golden case did not have the benefit of the majority opinion, the
Court remanded the case with its "relatively undeveloped record" so
the district court could order additional briefing or conduct
further fact-finding.

The Ninth Circuit also finds that the briefs filed in the District
Court also failed to squarely argue that federal law controls, a
possible oversight which is hardly the trial judge's fault. The
Ninth Circuit maintains that fundamental questions of law should
appear at the beginning of a brief, not thrown in at the end, and
should be clearly made. The Ninth Circuit went on that the District
Court easily could have concluded that the Trusts never made a
federal choice-of-law argument.

The Ninth Circuit believes that the same approach as that in Golden
is appropriate in this case because neither party adequately argued
to the District Court that federal law governs (and have hardly
argued it to this court), and the District Court never addressed
the impact of Golden. Consistent with Golden, the Ninth Circuit
considers these calls are best for the District Court to make in
the first instance. Accordingly, the Ninth Circuit vacates and
remands this case so that the District Court can decide whether
federal or state law governs (including whether the federal law
argument has been waived), and what impact, if any, Golden has on
this case.

Judge Korman dissented, holding that the United States has a strong
interest in enforcing the debarment provision, and since it is
reasonable, California has no interest in invalidating it.
Mandelbrot has identified no other deficiency in the lower courts'
judgments enforcing the debarment provision. Those judgments should
be affirmed.

A full-text copy of the Opinion dated September 14, 2017, is
available at http://tinyurl.com/y9bgqvb7from Leagle.com.

Dirk Van Ausdall (argued), San Francisco, California; Michael J.
Mandelbrot, The Mandelbrot Law Firm, Novato, California; for
Appellants.

Gary S. Fergus (argued), Fergus Law Office, San Francisco,
California; Daniel J. Bussel, Thomas E. Patterson, and Kathryn T.
Zwicker, Klee Tuchin Bogdanoff & Stern LLP, Los Angeles,
California: for Appellees.

                      About Thorpe Insulation

Based in Long Beach, California, Thorpe Insulation Company supplied
and distributed asbestos thermal insulation in Southern California
before about 1972.  The company's products included pipe and boiler
insulation, asbestos cloth and insulating mud.  After 1972, some of
Thorpe's operations also involved asbestos and lead abatement,
including repairing insulation that contained asbestos at
commercial and industrial sites.

On Dec. 17, 2004, Thorpe's lender, Pacific Funding Group LLC, sold
its collateral at a foreclosure sale to Farwest Insulation
Consulting owned by Eric and David Fults.  Following the
foreclosure, Thorpe ceased operation of its business.  Thorpe has
been subjected to about 12,000 claims and lawsuits related to
asbestos.

Thorpe filed for chapter 11 protection on Oct. 15, 2007 (Bankr.
C.D. Calif. Case No. 07-19271).  Jeremy V. Richards, Esq., and
Scotta E. McFarland, Esq., at Pachulski, Stang, Ziehl & Jones, LLP,
represent the Debtor.

Los Angeles-based Pacific Insulation Company was incorporated in
California by Thorpe on May 23, 2000, to be its wholly owned
subsidiary.  On Oct. 1, 2000, Pacific transferred 100% of its
shares to Thorpe in exchange for Thorpe's materials division
assets.  Thorpe's sole shareholders and board members, Robert W.
Fults and Linda Fults, own 50.1% and 49.9% of Pacific,
respectively.  Pacific is a southwest commercial and industrial
insulation distributor and fabricator with locations in Southern
and Northern California, Arizona, and Nevada.  It provides pipe,
air handling, fire barrier, board and blanket insulation as well as
adhesives, mastics and sealants.  Pacific has never installed or
sold any materials containing asbestos.  It currently has 55
full-time employees.

Pacific filed for chapter 11 petition on Oct. 31, 2007 (Bankr. C.D.
Calif. Case No. 07-20016) due to its alleged asbestos liability and
the failure of Thorpe's insurers to pay asbestos claims asserted
against Thorpe.  John A. Lapinski, Esq., Leslie R. Horowitz, Esq.,
and Stephen R. Hyam, Esq., at Clark & Trevithick, represent Pacific
in its restructuring efforts.

On Nov. 6, 2007, Pacific's case was jointly administered under
Thorpe Insulation's bankruptcy proceeding.

Continental Insurance Company was represented by CARROLL, BURDICK &
McDONOUGH, LLP, and SEYFARTH SHAW, LLP.

Thorpe Insulation Company was represented by KLEE, TUCHIN,
BOGDANOFF & STERN LLP, MORGAN, LEWIS & BOCKIUS LLP, and PACHULSKI,
STANG, ZIEHL, YOUNG, & JONES LLP.

Thorpe's Official Creditors Committee and Pacific Insulation
Company were represented by JONES DAY and CAPLIN & DRYSDALE.

The Future Claims Representative was represented by FERGUS, A LAW
OFFICE.


TMR LLC: New Frontier Bank Forbids Cash Collateral Use
------------------------------------------------------
New Frontier Bank asks the U.S. Bankruptcy Court for the Eastern
District of Missouri to prohibit TMR LLC from using the Cash
Collateral, specifically the rents, without its consent or in the
alternative, provide New Frontier Bank adequate protection of its
interests.

New Frontier Bank loaned funds to the Debtor as evidenced by two
promissory notes.  The balance due on the First Note is
approximately $4,064,657 with interest continuing to accrue at the
per diem rate of $493.  The balance due on the Second Note is
approximately $440,179 with interest continuing to accrue at the
per diem rate of $59.  The Notes are secured by two deeds of trust
on real property owned by Debtor.  The collateral pledged by the
Debtor to secure the Notes also includes all of the Debtor's right,
title, and interest in and to all present and future leases of the
Property and all Rents from the Property.  The Notes are also
secured by two Absolute Assignments of Rents.

As the Notes, First Deed of Trust, Second Deed of Trust, and
Assignments of Rents clearly display (and Debtor does not dispute)
that New Frontier Bank holds a properly perfected, first-priority
interest in the collateral and all proceeds therefrom. Now, New
Frontier Bank does not consent to the Debtor's use of the Cash
Collateral.

New Frontier Bank complains that the Debtor has not offered to make
any cash payments to it during the pendency of this bankruptcy case
or to provide any other compensation that would be the equivalent
of its current interest in the cash collateral. Further, New
Frontier Bank alleges that the Debtor has not offered to provide it
with a replacement lien on the post-petition Rents.

Significantly, contrary to the Debtor's assertion that there is an
"equity cushion" in the Debtor's real estate, New Frontier Bank
argues that there clearly is not.  The parties agree that the
property was recently appraised at $5.4 million.  New Frontier Bank
points out that its secured interest in the Property totals
approximately $4.5 million, the judgment lien recorded against the
property is $800,000, and real estate taxes total $160,000.

As is apparent, New Frontier Bank believes that the liens against
the property including the its two Deeds of Trust, the judgment
lien, and the real estate taxes equal a value in excess of the
appraised value of the property -- this is before any real estate
commission which would have to be paid (likely 6% of $5 million
and/or greater than $300,000).  As a result, New Frontier Bank
asserts that there is no equity in the property.

In addition, New Frontier Bank relates that the Debtor mentioned
that there are various entities owned by the Debtor's principals
and asserted that the "income and expenses flow through to their
personal tax return," and the Roewes "accumulate income from their
various operations into their personal account. They then pay many
of their business obligations, with the remaining funds treated as
income to them."

Accordingly, New Frontier Bank believes that the Debtor's principal
has apparently commingled funds and used New Frontier Bank's Cash
Collateral for his personal expenses and expenses of other entities
while not paying the New Frontier Bank or the real estate taxes.
As such, New Frontier Bank asserts that this improper commingling
of the funds is yet another reason why the Court should deny the
Debtor use of Cash Collateral, and require the Debtor to account
for and segregate all Cash Collateral.

New Frontier Bank further complains that since the filing date, it
has been stayed from any act to obtain possession of the collateral
and exercise its rights under the First Deed of Trust, Second Deed
of Trust, Assignments of Rents, and state law. New Frontier Bank
believes that its interest in the collateral is not adequately
protected. Such that if the Debtor is permitted to use New Frontier
Bank's cash collateral, New Frontier Bank will suffer irreparable
injury, loss and damage.

New Frontier Bank is represented by:

           Scott Greenberg, Esq.
           Kyle Lane, Esq.
           SANDBERG PHOENIX & von GONTARD P.C.            
           600 Washington Avenue - 15th Floor
           St. Louis, MO 63101-1313
           Tel: (314) 231-3332
           Fax: (314) 241-7604
           E-mail: sgreenberg@sandbergphoenix.com
                   klane@sandbergphoenix.com

                         About TMR LLC

TMR, LLC, owns a commercial building in Washington, Missouri, which
houses two manufacturing companies.  The building also was owned by
the Roewes before being transferred to TMR in 2014.  The Debtor
listed its business as a single asset real estate (as defined in 11
U.S.C.  Section 101(51B)).  It is a small business debtor as
defined in 11 U.S.C. Section 101(51D).

TMR filed for Chapter 11 bankruptcy protection (Bankr. E.D. Mo.
Case No. 17-45907) on Aug. 29, 2017, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Timothy M. Roewe, managing member.

Judge Charles E. Rendlen III presides over the case.

A. Thomas DeWoskin, Esq., at Danna Mckitrick, PC, serves as the
Debtor's bankruptcy counsel.


TOYS "R" US: $375M Int'l DIP Facility Has Interim Approval
----------------------------------------------------------
Toys "R" Us, Inc., and its debtor-affiliates filed a motion asking
the U.S. Bankruptcy Court for the Eastern District of Virginia to
authorize Tru Taj LLC and Tru Taj Finance, Inc., to obtain from
consenting beneficial holders of the 12.00% Senior Notes due 2021
of the issuers senior secured postpetition financing on a
superpriority priming lien basis in the aggregate principal amount
of up to $375 million.

Prepetition, on Aug. 16, 2016, Tru Taj LLC and Tru Taj Finance,
Inc. issued $441.2 million of 12.00% senior secured notes due
August 15, 2021 (the "Prepetition Taj Senior Notes"), governed by a
First Supplemental Indenture, dated as of August 26, 2016, with
Wilmington Trust, N.A., as trustee and collateral trustee
("Prepetition Notes Agent").  As of the Petition Date, $583 million
in aggregate principal amount of Prepetition Taj Senior Notes
remains outstanding.

An ad hoc group of Taj Noteholders have agreed to provide $375
million in incremental notes to support the Debtors' international
operations (the "International DIP Term Loa").  The group of Taj
Noteholders also agreed to waive certain defaults under the
Prepetition Taj Notes and to forbear from exercising rights and
remedies pursuant to a default against the Debtors (the "Taj
Waiver").

The Debtors commenced the Chapter 11 cases with firm commitments
for approximately $3.125 billion of combined postpetition
financings to support their North American and international
businesses at the most capital intensive, and important, time in
the Debtors' fiscal year.  

By this motion, the Debtors request approval of approximately $375
million of postpetition financing and related relief to support the
Debtors' international business and help fund the administrative
expense of the Chapter 11 cases.  The Debtors also seek approval to
use cash collateral.

Nov. 24, which is known as Black Friday, is approximately 10 weeks
away, and the holiday shopping season occurs over the following
weeks.  During this time of year, the Debtors normally focus on the
capital-intensive process of building inventory and securing
exclusive products in anticipation of the holiday season.  This
year, though, the Debtors' supply chain has frozen as vendors
withdrew trade terms in anticipation of the commencement of these
cases.  Only the proposed International DIP Facility will thaw that
pipeline and restart the flow of inventory to the Non-Debtor
Subsidiaries' shelves in time to save the holiday season for the
benefit of all of the Debtors' estates, their stakeholders, and
parents and children everywhere.

                   International Operations

The Tru Taj Debtors determined that they would require access to
both postpetition financing sufficient to provide liquidity to
administer the Tru Taj Debtors' estates during these chapter 11
cases and access to the Cash Collateral securing such postpetition
financing.  Among other things, the Tru Taj Debtors' international
affiliates need liquidity to protect the equity value of their
foreign subsidiaries, which include operating entities throughout
Europe, Asia, and Australia. These Non-Debtor Subsidiaries must pay
vendors and other participants in their supply chain ahead of the
important holiday season and maximize the value of all of the
Debtors' entities.  The Debtors determined that it was necessary to
obtain financing to support the Non-Debtor Subsidiaries, among
other reasons, because those entities are the ultimate indirect
subsidiaries of Toys "R" Us, Inc., the Debtors' ultimate parent
company. Therefore, any harm to the value of the Non-Debtor
Subsidiaries' estates will directly and negatively affect the value
of the Debtors' estates.

Aside from the Non-Debtor Subsidiaries inability to adequately fund
operations, the costs associated with administering these chapter
11 cases will also impose significant demands on the Tru Taj
Debtors' liquidity.  Immediate access to the International DIP
Facility and Cash Collateral, if any, is essential to not only meet
working capital and business operating needs, but also to fund the
administration of these chapter 11 cases, enabling the Debtors and
their stakeholders to stabilize their business and develop a
consensual and value-maximizing plan of reorganization.

               Terms of International Financing

The salient terms of the International DIP Facility are:

   * Issuer(s): Tru Taj LLC, Tru Taj Finance, Inc.

   * Guarantor(s): Toys "R" Us, Inc., Toys "R" Us, Europe, LLC, TRU
Taj Holdings 1, LLC, TRU Taj Holdings 2 Limited, TRU Taj Holdings
3, LLC, TRU (Holdings) Limited, and TRU Taj (Europe) Holdings, LLC

   * Lenders: Consenting beneficial holders of the 12.00% Senior
Notes due 2021 of the Issuers.

   * Entities with Interests in Cash Collateral: Prepetition
Noteholders

   * Term: Stated Maturity Date of 16 months from date of
Issuance.

   * Commitments: $375,000,000

   * Interest Rates: 11%.

   * Milestones: None.

The Tru Taj Debtors will pay to the Prepetition Notes Agent an
amount equal to interest accrued on the principal amount of the
Prepetition Notes Obligations at the applicable non-default rate
set forth in the Prepetition Indenture, commencing on the Petition
Date and payable on the interest payment dates set forth in the
prepetition notes documents.

The Tru Taj Debtors will grant to the International DIP Agent for
the benefit of itself and the DIP Noteholders: (i) valid, binding,
enforceable, non-avoidable, properly perfected liens, and priming
liens as applicable, on the DIP collateral, including all property
constituting cash collateral, if any, which liens will be subject
to the priorities set forth in the DIP court orders and (ii)
allowed superpriority administrative expense claims for all
obligations owing to the International DIP Agent under the
International DIP Documents which DIP Liens and DIP Superpriority
Claims will be junior and subordinate to the carve out and
otherwise subject to the priorities set forth in the DIP court
orders and the applicable International DIP Documents.

The Tru Taj Debtors want to pay the principal, interest, fees,
expenses, and other amounts payable under the International DIP
Documents as such become earned, due, and payable.  The Tru Taj
Debtors also want to use the prepetition collateral, including cash
collateral of the Prepetition Noteholders under the Prepetition Taj
Senior Notes.

The Tru Taj Debtors also ask for authorization to use cash
collateral.

The Debtors request that the Court schedule the final hearing
within approximately 21 days of the commencement of these chapter
11 cases to consider approval of this motion on a final basis.  

                    Interim Approval Granted

The Court has granted interim approval to the Motion.  The TAJ
Debtors are authorized to borrow not more than $100 million on an
interim basis.  A hearing to consider final approval of the entire
$375 million DIP financing package is scheduled for October 3, 2017
at 4:00 p.m.

A copy of the Debtors' Motion is available at:

           http://bankrupt.com/misc/veb17-34665-32.pdf

The Supporting Noteholders and the DIP Noteholders tapped Paul,
Weiss, Rifkind, Wharton & Garrison, LLP, Linklaters LLP and
Whiteford Taylor Preston, LLP as counsel.

The lead attorneys of the DIP Noteholders and the Supporting
Noteholders can be reached at:

         Paul, Weiss, Rifkind, Wharton & Garrison LLP
         1285 Avenue of the Americas, New York, New York
         Attn: Brian S. Hermann, Esq.
               Samuel Lovett, Esq.  

Counsel to the DIP Agent:

         Porter Hedges LLP
         1000 Main Street, 36th Floor
         Houston, Texas 77002
         Attn: Eric M. English

Counsel to the Prepetition Notes Agent

         Kilpatrick Townsend & Stockton LLP
         1100 Peachtree Street NE
         Atlanta, Georgia 30309-4528
         Attn: Todd C. Meyers, Esq.

                        About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.

Merchandise is sold in 880 Toys "R" Us and Babies "R" Us stores in
the United States, Puerto Rico and Guam, and in more than 780
international stores and more than 245 licensed stores in 37
countries and jurisdictions.  Merchandise is also sold at
e-commerce sites including Toysrus.com and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the company.
Toys "R" Us is now a privately owned entity but still files with
the Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc. and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  Judge Keith L. Phillips is the case
judge.

In addition, the Company's Canadian subsidiary voluntarily
commenced parallel proceedings under the Companies' Creditors
Arrangement Act ("CCAA") in Canada in the Ontario Superior Court of
Justice.

The Company's operations outside of the U.S. and Canada, including
its 255 licensed stores and joint venture partnership in Asia,
which are separate entities, are not part of the Chapter 11 filing
and CCAA proceedings.

Kirkland & Ellis LLP is serving as principal legal counsel to Toys
"R" Us, Alvarez & Marsal is serving as restructuring advisor and
Lazard is serving as financial advisor.  Prime Clerk LLC is the
claims and noticing agent.

Grant Thornton is the monitor appointed in the CCAA case.


TOYS "R" US: Bankruptcy No Rating Impact on US CLOs, Fitch Says
---------------------------------------------------------------
The bankruptcy filing by Toys 'R' Us (Toys) has no rating impact on
U.S. broadly syndicated loan (BSL) CLOs, due to the limited
exposure they have to the U.S. retailer and diversified nature of
CLO 2.0 portfolios, according to Fitch Ratings.

Toys is currently held in 37 CLOs of the 333 Fitch-rated BSL U.S.
CLOs and comprises $77.8 million, or less than 0.1% of the total
aggregate underlying collateral balance. The average exposure to
the defaulted issuer is 0.4% across the 37 CLOs, with KVK CLO
2016-1 Ltd. reporting the highest percentage exposure to Toys at
1.2% of the portfolio, according to the Aug. 3 trustee report.
However, KVK CLO 2016-1 exposure is in the form of domestic and
Canadian A-1 tranches expected to have recovery in the 91% to 100%
range.

Twenty-seven CLOs from 11 CLO managers that had gone effective by
Jan. 1, 2017 and held Toys' loans reduced their beginning-of-year
exposure to the current $56.7 million from $66.2 million, including
two CLOs managed by Octagon that sold out of the loans completely.
At the same time, four CLOs, managed by KVK and Och-Ziff, increased
exposure to Toys in 2017. An additional 12 CLOs now have some
exposure to Toys' loans, including five CLOs that went effective in
2017.

Trading of Toys' loans across all Fitch-rated CLOs was modest:
$15.6 million of notional was sold across 13 CLOs year to date. The
domestic first-in last-out (FILO) loan A-1, Canadian A-1 FILO loan
and B-4 term loan were sold at average prices of 100.4, 99.9 and
83.7, respectively. On the other hand, a total of $8.3 million of
notional was purchased in 12 CLOs, including the B-3 and B-4, at
average prices of 91.5 and 84, respectively.

The haircuts to CLO overcollateralization (OC) cushions will vary
by a tranche held in a particular CLO, due to the variability in
recovery estimates from rating agencies and market prices. The
recovery value for the purpose of OC calculation is the lower of
the market value and the recovery value assigned by a rating
agency.

Both domestic and Canadian A-1 tranches have RR1 (91%-100%)
recovery ratings from Fitch and currently marked in the mid-90s,
based on Markit data. On the other hand, B-2/B-3 tranches carry RR4
(31%-50%) recovery rating and are marked in the low 50s, while B-4
tranche recovery is estimated as RR2 (71%-90%) and marked in the
mid-60s. Canadian and domestic A-1 tranches comprise approximately
$34.1 million in notional value, while B-4 tranches makes up
approximately $30.6 million and B-2/B-3 loans $6.3 million. $6.7
million exposure represents senior unsecured term loan issued by US
Property Co. I, LLC's, which was not part of the bankruptcy filing,
to which Fitch assigns RR1 (91%-100%) and is currently marked in
the low 90s.

The overall retail exposure across Fitch-rated CLO comprises 5.7%
of the aggregate portfolio, down from 7.3% a year ago. Loans of
retail issuers rated 'CCC+' and lower account for 0.6%. These
retail issuers on the Loans of Concern list make up roughly 0.2% of
the overall Fitch-rated CLO portfolio. Despite continuing struggles
of overleveraged brick and mortar retailers, CLO exposure remains
well contained.


TOYS "R" US: JAKKS to Report Loss Due to Toys R Us Woes
-------------------------------------------------------
JAKKS Pacific, Inc. on Sept. 20 disclosed that the Company does not
anticipate any long-term material adverse impact from the Toys 'R'
Us bankruptcy filing.  The uninsured portion of the amounts due
from Toys 'R' Us represents less than 3% of the Company's
outstanding accounts receivables as of September 18, 2017.  The
Company also stated it is not known yet what the recovery will be
on such uninsured receivables.  Sales to Toys 'R' Us were
anticipated to account for approximately 5% to 6% of the Company's
net sales for the third and fourth quarters, but the Company does
not know what amount of such sales will be realized.

JAKKS now expects to recognize charges against income for the 2017
fiscal year, including cash charges related to the write-off of bad
debt and minimum guarantee shortfalls, and non-cash charges related
to the impairment of certain assets including goodwill from
acquisitions.  The Company is revising its forecast since it now
expects to sustain a net loss and negative earnings per share for
the year, but still expects to have positive EBITDA, as adjusted,
for the year, although not higher than the prior year, as
previously announced.  JAKKS otherwise anticipates no significant
impact on its ability to execute on-going corporate initiatives and
business operations.

JAKKS CEO & Chairman Stephen Berman said, "2017 continues to
present a challenging retail environment, which has now been
further disrupted by the Toys 'R' Us Chapter 11 filing.
Nevertheless, the announced availability of DIP financing leaves us
optimistic that we can resume our relationship with Toys 'R' Us as
one of its significant suppliers."

Mr. Berman continued, "For the past 22 years, since the founding of
JAKKS Pacific in 1995, Toys 'R' Us has been one of JAKKS' most
significant business partners.  Together, the companies have
brought new and innovative toy products to millions of children
around the world.  The Chapter 11 filing by Toys 'R' Us and its
announcement of available financing for its continued operations is
expected to provide the opportunity for Toys 'R' Us, together with
JAKKS, to continue to provide high-quality and exciting toy
products for many years to come.  JAKKS appreciates the
relationship that has existed throughout the years and looks
forward to the relationship continuing to grow and flourish."

                    About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. -- http://www.jakks.com-- is a designer,
manufacturer and marketer of toys and consumer products sold
throughout the world, with its headquarters in Santa Monica,
California.  JAKKS Pacific's popular proprietary brands include
BIG-FIGS(TM), XPV(R), Max Tow(TM) and Friends, Disguise(R), Moose
Mountain(R), Funnoodle(R), Maui(R), Kids Only!(R); a wide range of
entertainment-inspired products featuring premier licensed
properties; and, C'est Moi(TM), a youth skincare and make-up brand.
Through JAKKS Cares, the company's commitment to philanthropy,
JAKKS is helping to make a positive impact on the lives of
children.

                         About Toys "R" Us

Toys "R" Us, Inc. is an American toy and juvenile-products retailer
founded in 1948 and headquartered in Wayne, New Jersey, in the New
York City metropolitan area.

Merchandise is sold in 880 Toys "R" Us and Babies "R" Us stores in
the United States, Puerto Rico and Guam, and in more than 780
international stores and more than 245 licensed stores in 37
countries and jurisdictions.  Merchandise is also sold at
e-commerce sites including Toysrus.com and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the company.
Toys "R" Us is now a privately owned entity but still files with
the Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc. and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  Judge Keith L. Phillips is the case
judge.

In addition, the Company's Canadian subsidiary voluntarily
commenced parallel proceedings under the Companies' Creditors
Arrangement Act ("CCAA") in Canada in the Ontario Superior Court of
Justice.

The Company's operations outside of the U.S. and Canada, including
its 255 licensed stores and joint venture partnership in Asia,
which are separate entities, are not part of the Chapter 11 filing
and CCAA proceedings.

Kirkland & Ellis LLP is serving as principal legal counsel to Toys
"R" Us, Alvarez & Marsal is serving as restructuring advisor and
Lazard is serving as financial advisor.  Prime Clerk LLC is the
claims and noticing agent, and maintains the case Web site
https://cases.primeclerk.com/toysrus

Grant Thornton is the monitor appointed in the CCAA case.


TRIDENT BRANDS: Fengate Has 40.4% Equity Stake as of Sept. 8
------------------------------------------------------------
Fengate Trident LP, Fengate Trident GP Inc., and Fengate Capital
Management Ltd., reported in a Schedule 13D/A filed with the
Securities and Exchange Commission that as of Sept. 8, 2017, they
beneficially own 21,529,267 shares of common stock of Trident
Brands, Inc., which constitutes 40.4 percent based on 34,534,719
shares outstanding, per Exhibit 10.1 to Form 8-K filed Sept. 15,
2015, plus 18,717,381 shares of common stock into which the
Convertible Notes may be converted.

The Common Stock was issued to the Reporting Persons in
consideration for the Notes.  The Notes' outstanding principal
amount was $511,141 and the total accrued but unpaid interest on
the Notes was $94,526, as of Sept. 12, 2017.  None of the shares of
Common Stock were acquired on margin, or otherwise using borrowed
funds or pursuant to any loan or credit arrangement.  

On Jan. 22, 2016, in connection with an investment in Mycell
Technologies LLC, a New Jersey limited liability company, Mycell
issued to LPF Investment Corporation a certain convertible
promissory note dated Jan. 22, 2016, pursuant to a Note Purchase
Agreement dated Jan. 22, 2016.  In addition, MCTECH acquired
certain additional convertible promissory notes dated February 5,
2016, and May 19, 2016, respectively, issued in accordance with the
terms of the NPA.  The Notes' total outstanding principal amount as
of Sept. 12, 2017, was $511,141 and the total accrued but unpaid
interest on the Notes as of Sept. 12, 2017, was $94,526.

On April 28, 2017, MCTECH, the Reporting Persons, and certain other
parties, as part of a restructuring of the MCTECH's invested
assets, entered into a General Transfer and Assignment Agreement,
pursuant to which the Notes, and the NPA and certain other related
agreements and documents, were, through a series of simultaneous
transactions, transferred to Fengate Trident LP.

On Sept. 12, 2017, the Reporting Persons and the Issuer, entered
into a Note Purchase Agreement, pursuant to which the Notes and the
Note Documents were purchased by the Issuer in consideration for
811,886 shares of Common Stock of the Issuer.

A full-text copy of the regulatory filing is available at:

                      https://is.gd/ymBgHp

                      About Trident Brands

Trident Brands Incorporated, f/k/a Sandfield Ventures Corp., was
initially formed to engage in the acquisition, exploration and
development of natural resource properties, but has since
transitioned and is now focused on branded consumer products and
food ingredients.  The Company maintains a portfolio of branded
consumer products including nutritional products and supplements
under the Everlast(R) and Brain Armor(R) brands, and functional
food ingredients under the Oceans Omega brand.  These brands are
focused on the fast growing supplements and nutritional product and
heart and brain health categories, supported by an  established
contract manufacturing, supply chain and research and development
infrastructure, and a solid and proactive management  team, board
of directors and advisors with many years of experience in related
categories.

Trident reported a net loss of $3.18 million on $168,042 of
revenues for the 12 months ended Nov. 30, 2016, compared to a net
loss of $3.16 million on $16,569 of revenues for the 12 months
ended Nov. 30, 2015.  

As of May 31, 2017, Trident had $7.16 million in total assets,
$9.22 million in total liabilities and a total stockholders'
deficit of $2.06 million.


TRINITY 83: Court Dismisses Clawback Suit Against ColFin
--------------------------------------------------------
On May 15, 2017, Trinity 83, LLC, filed a second adversary
proceeding seeking to avoid, as a fraudulent transfer, the
cancellation of the mistaken mortgage satisfaction that ColFin
Midwest Funding, LLC, had filed in 2015. ColFin filed a motion to
dismiss for failure to state a claim on the basis that this action
is foreclosed by res judicata principles.

Upon analysis of the arguments, Judge Debora L. Thorne of the U.S.
Bankruptcy Court for the Northern District of Illinois rules in
favor of Colfin.

Granting a mortgage is a transfer; its perfection, by recording the
mortgage document, is not a transfer between the parties to the
mortgage being recorded. Similarly, the mistaken recording of a
document purporting to reflect a satisfaction does not constitute a
"transfer" between the parties because it only renders the interest
vulnerable to later bona fide purchasers, and it is therefore only
an act of recording relevant to third party notice, as is the later
cancellation of that same document. Because plaintiff alleges, and
can only allege, that this act of recording, namely the
cancellation of the mistaken entry of satisfaction, constitutes the
relevant transfer here, plaintiff's complaint is dismissed.

The plaintiff's complaint alleges that the cancellation of the
mistakenly recorded satisfaction in the record system constituted
an avoidable "transfer" under section 548. In order to state a
claim for relief, this allegation, if true, must allow for an
inference of the defendant's liability. Owing to the fact that the
recording of a mortgage in Illinois does not, as a matter of law,
constitute a "transfer" between the parties to the mortgage under
section 101(54), the plaintiff's complaint is dismissed with
prejudice for failure to state a claim upon which relief can be
granted.

The bankruptcy case is In re: TRINITY 83 DEVELOPMENT, LLC, Chapter
11, Debtor. TRINITY 83 DEVELOPMENT, LLC, Plaintiff, v. COLFIN
MIDWEST FUNDING, LLC, Defendant, Case No. 16-24652 (Bankr. N. D.
Ill.).

The adversary proceeding is TRINITY 83 DEVELOPMENT, LLC, Plaintiff,
v. COLFIN MIDWEST FUNDING, LLC, Defendant, Adv. No. 17-00286
(Bankr. N. D. Ill.).

A full-text copy of Judge Thorne's Amended Memorandum Opinion dated
Sept. 13, 2017, is available at https://is.gd/vJGeWR from
Leagle.com.

TRINITY 83 DEVELOPMENT LLC, Plaintiff, represented by Gina B. Krol,
ESQ, Cohen & Krol.

ColFin Midwest Funding, LLC, Defendant, represented by Lauren
Newman – lnewman@thompsoncoburn.com -- Thompson Coburn LLP.

              About Trinity 83 Development LLC

Trinity 83, Development, LLC, was formed in 2005.  It is a Limited
Liability Company formed under the laws of the State of Illinois.
Its members are, and always have been, Donald J. Santacaterina,
Thomas Connelly and George Yukich.  In 2006 Trinity 83 constructed
a Class A, 12,500 square foot, masonry retail/office building at
19100 S. Crescent Dr, Mokena Illinois.   The building was
constructed as a "build to suit" for two tenants, namely Kids Can
Do, Inc, and Hair and Beauty Salon Suites of Mokena, Inc.  Both
tenants have occupied the building since 2006/07 and continue to do
so.  At least some of the ownership of the tenants are related to
some of the members of Trinity 83.

Trinity 83 filed a Chapter 11 petition (Bankr. N.S. Ill. Case No.
16-24652) on Aug. 1, 2016.  The petition was signed by Donald L.
Santacarina, member. The Debtor is represented by Gina B. Krol,
Esq., at Cohen & Krol. The case is assigned to Judge Deborah L.
Thorne.  The Debtor disclosed total assets at $2.41 million and
total debts at $2.13 million at the time of the filing.

No official committee of unsecured creditors has been appointed in
the case.


TROVERCO INC: Proposes Up To $750K of Financing
-----------------------------------------------
Troverco, Inc., asks the U.S. Bankruptcy Court for the Eastern
District of Missouri for authority to obtain access to a
postpetition revolving credit facility from Joseph E. Trover, Jr.
and Joely Landreth, and to use the proceeds thereof as well as its
cash collateral.

The equity of the Debtor is owned by non-debtor Troverco Holding
Company.  As of the Petition Date, and continuing through today,
the Debtor has no secured debt.

Notwithstanding the adjustments to its business model and cost
reduction initiatives, the Debtor's financial turnaround continues.
Through this chapter 11 case, the Debtor intends to restructure
its obligations under a plan of reorganization that promotes the
Debtor's business plan and complies with the applicable provisions
of the Bankruptcy Code.

The Debtor contends that each prospective DIP lender declined to
consider a DIP financing proposal even at the 12% (or higher)
interest rate.  The Debtor's principals, however, remain committed
to the success of the Troverco business. For this reason, the
Debtor's principals propose to provide sufficient financing to
support the Debtor in its ongoing operations and turnaround
efforts.

Among other provisions, the material terms of the proposed
financing are:

     A. DIP Credit Facility: The DIP Credit Facility will be made
available pursuant to an Order authorizing the Debtor to obtain
senior secured postpetition financing of up to $1,500,000 in the
form of a secured revolving loan, of which an amount to be
determined, but no less than $250,000 and no more than $750,000,
may be accessed before entry of a Final Order.

     B. DIP Lender: The proposed DIP Lender will be a limited
liability company formed and owned, directly or indirectly, by
Joseph E. Trover, Jr. and Joely Landreth.

     C. Use of Proceeds: Proceeds of the DIP Credit Facility will
be used for funding of the expenses described in, and up to the
amounts provided in, an approved budget, as agreed by the DIP
Lender and the Debtor, subject to restrictions which may be set
forth in a Final Order.

     D. Term: The DIP Credit Facility will expire on the earliest
of: (i) Jan. 31, 2018, (ii) the entry of an order of the Court
confirming a chapter 11 plan or reorganization, (iii) closing of
the sale(s) or disposition(s) of substantially all of the Debtor's
assets under Bankruptcy Code Section 363(b) and (f), (iv) entry of
an order dismissing this chapter 11 case, or (v) entry of an order
converting the case to a proceeding under chapter 7 of the
Bankruptcy Code.

     E. Collateral: Repayment of the DIP Credit Facility will be
secured by first priority perfected security interests and liens on
all of the Debtor's present and future assets, provided, however,
that such security interests and liens will not attach to any
recoveries by the Debtor's bankruptcy estate for claims arising
under chapter 5 of the Bankruptcy Code.  In addition, such
interests and liens shall be subject to: (i) a carve-out for
professionals retained by the Estate (including professionals for
the Debtor and the Official Unsecured Creditors' Committee) limited
to an amount to be determined, but no less than $25,000; (ii) the
perfected rights of any vendor arising under section 5(c) of the
Perishable Agricultural Commodities Act; and (iii) all fees due to
the Office of the U.S. Trustee.

     F. Adequate Protection: The DIP Lender will be granted
superpriority claims, payable from, and having recourse to, all
prepetition and postpetition property of the Debtor's estate and
all proceeds thereof, including the proceeds of any Chapter 5
Actions, subject to the Carve-Out.  The DIP Lender will also
receive, monthly, interest-only payments accruing at the rate of 3%
per annum on all outstanding balances under the DIP Credit
Facility.

     G. Cash Collateral: In addition to the proceeds of the DIP
Credit Facility, the Debtor will have use of all proceeds of the
collateral to pay Permitted Expenses.

     H. Interest Rate: The DIP Credit Facility shall accrue
interest at a rate of 3% per annum.  In the event of default,
interest for all outstanding balances owed on the DIP Credit
Facility will accrue at a rate of 5% per annum.

A full-text copy of the Debtor's Motion, dated Sept. 5, 2017, is
available at https://is.gd/mB1XTW

                        About Troverco Inc.

Based in Saint Louis, Missouri, Troverco Inc. --
http://www.troverco.com/-- is in the food industry specializing in
freshly prepared sandwiches and snacks for delivery to businesses.
Troverco began as a franchise in 1959 under the name Lakeshire
Sandwiches.

Troverco filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Mo. Case No. 17-44474) on June 29, 2017, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Joseph E. Trover, Jr., the CEO.

Judge Charles E. Rendlen III presides over the case.

Spencer Fane LLP serves as the Debtor's bankruptcy counsel.  Cullen
and Dykman LLP is co-counsel.  Three Twenty-One Capital Partners,
LLC, is the Debtor's financial advisor and investment banker.

On July 18, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Goldstein & McClintock
LLLP is bankruptcy counsel to the Committee.


UNITED BANCSHARES: Auditor Refuses to Stand for Reelection
----------------------------------------------------------
United Bancshares, Inc. was notified by RSM US, LLP that it
declined to stand for reelection as its independent registered
public accounting firm effective Sept. 12, 2017.  RSM had served as
the Company's independent registered independent accounting firm
since 2005.  The Audit Committee of the Board of Directors is
actively seeking to engage another firm to replace RSM.

The report of RSM on the Company's consolidated financial
statements as of Dec. 31, 2015, and 2014 and for the years then
ended, did not contain an adverse opinion or disclaimer of opinion
and was not qualified or modified as to uncertainty, audit scope,
or accounting principles.

During the Company's past two fiscal years and the period from Jan.
1, 2016, to Sept. 12, 2017, (a) there were no disagreements as
described in Item 304 (a)(1)(iv) of Regulation S-K promulgated by
the Securities Exchange Commission with RSM on any matter of
accounting principles or practices, financial statement disclosure
or auditing scope or procedure which, if not resolved to the
satisfaction of RSM, would have caused RSM to make reference
thereto in its reports on the consolidated financial statements for
such years; and (b) there were no reportable events as described in
Item 304(a)(1)(v) of Regulation S-K promulgated by the Securities
and Exchange Commission, except that as identified and described in
management's assessment of the Company's internal control over
financial reporting as reported on its Form 10-K for the fiscal
year ended Dec. 31, 2015, material weaknesses existed in the
internal controls as of Dec. 31, 2015 in connection with credit
administration matters and the timeliness of financial reporting
related to the identification and support for asset quality matters
that could have a material effect on the consolidated financial
statements.

                     About United Bancshares

Located in Philadelphia, Pennsylvania, United Bancshares, Inc., is
an African American controlled and managed bank holding company for
United Bank of Philadelphia, a commercial bank chartered in 1992 by
the Commonwealth of Pennsylvania, Department of Banking.

United Bancshares incurred a net loss of $494,775 in 2015, a net
loss of $343,067 in 2014, and a net loss of $668,898 in 2013.  

As of Dec. 31, 2015, United Bancshares had $58.98 million in total
assets, $56.30 million in total liabilities and $2.67 million in
total shareholders' equity.


VELLANO CORP: Contact Person of Committee Member Changed
--------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, on Sept. 14
has amended the list of creditors to serve on the official
committee of unsecured creditors in the Chapter 11 case of The
Vellano Corp.

National Pipe & Plastics, Inc., has changed its contact person to
David Culburtson, President/CEO instead of Shelley M. Suer, CFO.

The committee members are:

     (1) McWane, Inc.
         Attn: Bernie Kenney, Credit Manager
         2266 S. 6th Street
         Cashocton, OH 43812
         Tel: (800) 800-6013
              (740) 291-1014
         E-mail: bernie.kenney@mcwaneductile.com

     (2) Lane Enterprises, Inc.
         Attn: Michael J. McCauley
         3905 Hartzdale Drive, Suite 514
         Camp Hill, PA 17011
         Vice President-Corporate Strategy
         Tel: (717) 761-8175
         Fax: (717) 761-5055
         E-mail: mmccauley@lane-enterprises.com

     (3) National Pipe & Plastics, Inc.
         Attn: David Culburtson, President/CEO          
         3421 Old Vestal Road
         Vestal, NY 13850
         Tel: (607) 729-9381
         Fax: (607) 729-9380
         E-mail: djc@nationalpipe.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                        About The Vellano

The Vellano Corporation -- http://www.vellano.com/-- is a
veteran-owned business in the water and waste industry.  It
provides water services, sewer services and industrial supplies.
The Debtor has 14 branch locations in six states: New York,
Massachusetts, New Hampshire, Rhode Island, Alabama and Georgia.
It employs more than 100 people.

The Vellano Corporation sought Chapter 11 protection (Bankr.
N.D.N.Y. Case No. 17-11348) on July 21, 2017, disclosing total
assets at $5.81 million and total liabilities at $15.65 million.
The petition was signed by Paul Vellano, as authorized
representative.

The Debtor tapped Richard H. Weiskopf, Esq., at The De Lorenzo Law
Firm as counsel.

William K. Harrington, the United States Trustee for Region 2, on
Sept. 7 appointed three creditors to serve on the official
committee of unsecured creditors in the Chapter 11 case of The
Vellano Corp.


VIRGIN ISLANDS PORT: S&P Lowers $24MM Marine Bonds Rating to 'B+'
-----------------------------------------------------------------
S&P Global Ratings lowered its underlying rating (SPUR) rating to
'B+' from 'BBB' on the Virgin Islands Port Authority's (VIPA)
marine revenue bonds and placed the rating on CreditWatch with
negative implications.

"The rating action reflects our view of the port's weakened
business prospects in the aftermath of two severe hurricanes that
struck the U.S. Virgin Islands this month," said S&P Global Ratings
credit analyst Todd Spence. S&P said, "We believe VIPA's finances
are vulnerable given the port's reliance on revenue related to
cruise ships. The hurricane adversely affected the local
tourist-dependent economy; its impact on the cruise activity at the
port is likely to have a negative impact on debt service coverage
and liquidity. In addition, the port's storm-related capital
requirements could lower liquidity. Although the port has financial
resources to mitigate some of the impact, the severity and duration
of the impact are unknown and some impacts will be outside of
management control."

S&P's rating action affects about $42 million of marine revenue
bonds outstanding.

The following factors have contributed to S&P's view of VIPA's
increased vulnerability:

-- A weakening, highly tourist-dependent territorial economy, with
hurricane damage likely to lower visitors and cruise activity at
the port;

-- Funding pension liabilities, which will place a greater strain
on the port, with the pension fund approximately 20% funded and
projected to become insolvent by 2023;

-- The Virgin Islands' vulnerability to hurricanes, which have
adversely affected (and will continue to adversely affect) both
cruise traffic and revenue; and

-- Competition on the island of St. Thomas between the VIPA's
Crown Bay project and West Indian Co. Ltd. (WICO) facilities for
cruise ship passengers' related revenue.

Partially offsetting the above weaknesses, in S&P's view, are:

-- Control of all of the islands' commercial (cruise and cargo)
ports (except for WICO, the port serving the former Hovensa
refinery, and Renaissance, the former Alcoa refining facility);
and

-- Strong coverage of 2.04x in 2016 and 1.88x for 2017
(projected), although DSC is likely to decline based on lower
cruise activity as a result of the hurricane.

S&P will monitor the VIPA's recovery from the storm and its
financial condition and will update the CreditWatch listing as
developments warrant.


VITAMIN WORLD: Taps JND Corporate as Administrative Agent
---------------------------------------------------------
Vitamin World, Inc. and its affiliated debtors seek approval from
the US Bankruptcy Court for the District of Delaware to employ JND
Corporate Restructuring as their administrative agent.

Services to be provided by JND are:

     (i) assist with, among other things, solicitation,
         balloting, tabulation, and calculation of votes, as well
         as prepare any appropriate reports, as required in
         furtherance of confirmation of any chapter 11 plan;

    (ii) generate an official ballot certification and
         testify, if necessary, in support of the ballot
         tabulation results for any chapter 11 plan;

   (iii) provide a confidential data room;

    (iv) assist with preparation of the Debtors' schedules of
         assets and liabilities and statement of financial
         affairs;

     (v) generate, provide, and assist with claims objections,
         exhibits, claims reconciliation and related matters;

    (vi) manage any distributions pursuant to any confirmed
         chapter 11 plan(s); and

   (vii) provide other claims processing, noticing, solicitation,
         balloting, rights offering, and administrative services
         described in the Services Agreement, but not included in
         the Section 156(c) Application, as may be requested by
         the Debtors from time to time.

JND's Fee Structure:

                             Standard           Discounted
                             Hourly Rates       Hourly Rates
                             ------------       ------------
     Clerical              $35.00  - $55.00    $26.25 - $41.25
     Case Assistant        $65.00  - $85.00    $48.75 - $63.75
     IT Manager            $75.00  - $95.00    $56.25 - $71.25
     Case Consultant       $85.00  - $135.00   $63.75 - $101.25
     Sr. Case Consultant   $145.00 - $165.00  $108.75 - $123.75
     Case Director         $175.00 - $195.00  $131.25 - $146.25

Travis K. Vandell, CEO of JND, attests that JND is a "disinterested
person" within the meaning of section 101(14) of the Bankruptcy
Code, as modified by section 1107(b) of the Bankruptcy Code, and
holds no interest adverse to the Debtors or their estates, as
required by section 327(a) of the Bankruptcy Code.

The Firm can be reached through:

     Travis K. Vandell
     JND Corporate Restructuring
     8269 E. 234 Ave, Suite 275
     Denver, CO 80238
     Tel: 1-800-207-7160
     Email: travis.vandell@jndla.com

                        About Vitamin World

Vitamin World Inc., VWRE Holdings, Inc. ("RE Holdings") and other
related entities sought Chapter 11 protection (Bankr. D. Del. Lead
Case No. 17-11933) on Sept. 11, 2017.

Headquartered in Holbrook, New York, Vitamin World is a specialty
retailer in the vitamins, minerals, herbs and supplements market.
The Company offers customers products across all major VMHS and
sports nutrition categories, including, supplements, active
nutrition, multiples, letter vitamins, health and beauty, herbs,
minerals, food and specialty items.

When it filed for bankruptcy, Vitamin World was operating out of
four distribution centers located in Holbrook, New York; Sparks,
Nevada; Riverside, California; and Groveport, Ohio; and 334 retail
stores that are mostly located in malls and outlet centers across
the United States and its territories.  Products are also sold
online at http://www.vitaminworld.com/ The Company has 1,478
active employees.

Katten Muchin Rosenman LLP is the Debtors' bankruptcy counsel. Saul
Ewing Arnstein & Lehr LLP is the co-counsel. Retail Consulting
Services, Inc., is the Debtors' real estate advisors.  RAS
Management Advisors, LLC, is the financial advisor.  JND Corporate
Restructuring is the claims and noticing agent.

Vitamin World estimated assets of $50 million to $100 million and
debt of $10 million to $50 million.


VITAMIN WORLD: U.S. Trustee Forms 5-Member Committee
----------------------------------------------------
Andrew R. Vara, U.S. Trustee for Region 3, on Sept. 19 appointed
five creditors to serve on the official committee of unsecured
creditors in the Chapter 11 case of Vitamin World, Inc.

The committee members are:

     (1) Visionet Systems, Inc.
         Attn: Yasir Imtiaz
         Cedarbrook Corporate Center
         4 Cedarbrook Drive, Building B
         Cranbury, NJ 08512
         Tel: (609) 452-0700 Ext. 1130
         Fax: (609) 655-5232

     (2) Irwin Naturals
         Attn: Mark Green
         5310 Beethoven Street
         Los Angeles, CA 90066
         Tel: (310) 574-6922
         Fax: (310) 578-5318

     (3) Quest Nutrition
         Attn: Michael Castle
         2221 Park Place
         El Segundo, CA 90245
         Tel: (562) 272-0180, Ext. 821

     (4) Simon Property Group
         Attn: Ronald Tucker
         225 West Washington Street
         Indianapolis, IN 46204
         Tel: (317) 263-2346
         Fax: (317) 263-7901

     (5) GGP Limited Partnership
         Attn: Julie Minnick Bowden
         110 North Wacker Drive
         Chicago, IL 60606
         Tel: (312) 960-2707
         Fax: (312) 442-6374

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                   About Vitamin World

Headquartered in Holbrook, New York, Vitamin World is a specialty
retailer in the vitamins, minerals, herbs and supplements market.
The Company offers customers products across all major VMHS and
sports nutrition categories, including, supplements, active
nutrition, multiples, letter vitamins, health and beauty, herbs,
minerals, food and specialty items.  Vitamin World is currently
operating out of four distribution centers located in Holbrook, New
York; Sparks, Nevada; Riverside, California; and Groveport, Ohio.
It is currently operating approximately 334 retail stores that are
mostly located in malls and outlet centers across the United States
and its territories.  Products are also sold online at
http://www.vitaminworld.com/ The Company has 1,478 active
employees.

Vitamin World Inc., VWRE Holdings, Inc. ("RE Holdings") and other
related entities sought Chapter 11 protection (Bankr. D. Del. Lead
Case No. 17-11933) on Sept. 11, 2017.

Katten Muchin Rosenman LLP is the Debtors' bankruptcy counsel. Saul
Ewing Arnstein & Lehr LLP is the co-counsel.  Retail Consulting
Services, Inc., is the Debtors' real estate advisors.  RAS
Management Advisors, LLC, is the financial advisor.  JND Corporate
Restructuring is the claims and noticing agent and maintains the
case Web site http://www.jndla.com/cases/vitaminworld  

Vitamin World estimated assets of $50 million to $100 million and
debt of $10 million to $50 million.


WALTER INVESTMENT: Barclays Upsizes Credit Facilities by $300M
--------------------------------------------------------------
Walter Investment Management Corp. entered into a commitment letter
with Barclays Bank PLC on Sept. 13, 2017, pursuant to which
Barclays has agreed to increase the financing available to the
Company under the following facilities:

    (1) the Amended and Restated Master Repurchase Agreement,   
        dated as of April 23, 2015, among Barclays, as purchaser
        and agent, and Ditech Financial LLC, as seller; and

    (2) the Amended and Restated Master Repurchase Agreement,
        dated as of May 22, 2017, among Reverse Mortgage
        Solutions, Inc., as a seller, RMS REO BRC, LLC, as a
        seller, and Barclays, as purchaser and agent.

Barclays has committed to provide the Company with an upsize of the
Facilities with a maximum increase amount of $300,000,000 on the
terms and subject to the conditions set forth in the Commitment
Letter, with a closing date any time between the date of the
Commitment Letter and Jan. 25, 2018.  The Company may effectuate
the Upsize as an increase of up to $150,000,000 (increasing the
committed portion of the facility from $100,000,000 to
$250,000,000) to the Ditech Facility and up to $150,000,000
(increasing the committed portion of the facility from $300,000,000
to $450,000,000) to the RMS Facility, up to a total (across both
Facilities) of $300,000,000.  In conjunction with any amendment to
effectuate the Upsize, the termination date of each Facility being
amended will be extended to Aug. 25, 2018, provided that, after May
21, 2018, the Maximum Aggregate Purchase Price (as that term is
defined in the RMS Facility or the Ditech Facility, as applicable)
will equal the amount of the Upsize with respect to the related
Facility.

The Company has experienced reductions in availability under its
warehouse and advance facilities, through reductions in the
Company's advance rates, changes to the terms of those facilities
and otherwise, which has negatively impacted the Company's
available liquidity and capital resources.  The Upsize is expected
to better position the Company to ensure it has sufficient
liquidity in the near-term, though no assurance can be given that
the Company will be successful in maintaining adequate financing
capacity with its current or prospective lenders.

                   About Walter Investment

Walter Investment Management Corp. --
http://www.walterinvestment.com/-- is an independent servicer and
originator of mortgage loans and servicer of reverse mortgage
loans.  Based in Fort Washington, Pennsylvania, the Company has
approximately 4,500 employees and services a diverse loan
portfolio.

"The Company is facing certain challenges and uncertainties that
could have significant adverse effects on its business, liquidity
and financing activities," as disclosed in the Company's Form 10-Q
report for the period ended June 30, 2017.  "The Company may be
adversely impacted by the following factors, among others: failure
to maintain sufficient liquidity to operate its servicing and
lending businesses due to the inability to renew, replace or extend
its advance financing or warehouse facilities on favorable terms,
or at all; failure to comply with covenants contained in its debt
agreements or obtain any necessary waivers or amendments; failure
to resolve its obligation with respect to the remaining mandatory
clean-up calls; and failure to successfully restructure its
corporate debt."

Walter Investment reported a net loss of $833.9 million for the
year ended Dec. 31, 2016, a net loss of $263.2 million for the year
ended Dec. 31, 2015, and a net loss of $110.3 million for the year
ended Dec. 31, 2014.  

As of June 30, 2017, Walter Investment had $15.59 billion in total
assets, $15.70 billion in total liabilities and a total
stockholders' deficit of $112.98 million.

Ernst & Young LLP, in Tampa, Florida, issued a "going concern"
opinion on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that on July 31, 2017 the Company entered
into a Restructuring Support Agreement that provides for a
prepackaged plan of restructuring in the event the Company is
unsuccessful in otherwise restructuring its corporate debt.  The
prepackaged plan would provide court relief under the provisions of
Chapter 11 of the Bankruptcy Code.  These conditions, the auditors
said, raise substantial doubt about the Company's ability to
continue as a going concern.

                           *    *    *

In July 2017, S&P Global Ratings lowered its long-term issuer
credit rating on Walter Investment Management Corp. to 'CCC-' from
'CCC'.  The outlook is negative.

In August 2017, Moody's Investors Service downgraded Walter
Investment's corporate family rating to 'Caa3' from 'Caa2'.  The
rating action follows the company's announcement that it has
entered into a restructuring support agreement with more than 50%
of senior term loan lenders.


WARWICK PROPERTIES: Case Summary & 6 Unsecured Creditors
--------------------------------------------------------
Debtor: Warwick Properties, LLC
        30 Gladewater Dr.
        Henderson, NV 89052

Business Description: Warwick Properties owns a real property
                      located at 2115 Willow Road, Arroyo Grande,
                      California, valued by the Company at $1.30
                      million.

Chapter 11 Petition Date: September 20, 2017

Case No.: 17-15065

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. Mike K. Nakagawa

Debtor's Counsel: David J. Winterton, Esq.
                  DAVID WINTERTON & ASSOCIATES, LTD
                  1140 N Town Center Dr, Ste 120
                  Las Vegas, NV 89144
                  Tel: (702) 363-0317
                  Fax: (702) 363-1630
                  E-mail: david@davidwinterton.com
                          autumn@davidwinterton.com

Total Assets: $1.30 million

Total Liabilities: $901,752

The petition was signed by Seth McCormick, managing member.

A full-text copy of the Debtor's petition and list of six unsecured
creditors is available for free at
http://bankrupt.com/misc/nvb17-15056.pdf


WASHINGTON PRIME: Fitch Affirms 'BB' Preferred Stock Rating
-----------------------------------------------------------
Fitch Ratings has affirmed the ratings of Washington Prime Group,
Inc. (NYSE: WPG) and its operating partnership, Washington Prime
Group Limited Partnership at 'BBB-'. The Rating Outlook has been
revised to Negative from Stable.  

KEY RATING DRIVERS

The Negative Outlook reflects Fitch's view that WPG has weaker
access to capital (secured and unsecured debt and equity) than most
other investment grade REITs. However, Fitch views positively the
company's more recent access to the unsecured bond market to extend
debt maturities. Market sentiment across most capital providers for
'B' malls generally has eroded given the challenges to ascertaining
the long-term productivity and financeability of this asset class.

The company has adequate unencumbered asset coverage of unsecured
debt when applying a stressed capitalization rate reflective of
less productive retail assets, although the financeability of the
company's community center portfolio is less certain. In addition,
property-level performance has been uneven, with relatively flat
occupancies and SSNOI growth, due primarily to a more challenging
leasing environment. Over the short term Fitch believes that
portfolio operating metrics will be stable to down slightly, but
long-term 'B' malls fundamentals will likely decline.

These factors are balanced by Fitch's expectation of
investment-grade leverage and fixed-charge coverage (FCC) metrics.
Further, while 'B' malls are less financeable in the mortgage
market than most traditional real estate assets, they are
considerably more financeable than niche asset classes such as
casinos, data centers and hospitals.

PROPERTY-LEVEL FUNDAMENTALS UNEVEN

The company's operating performance has been negatively affected by
weakening retailer trends, in particular tenant bankruptcies and
closures. For the 12 months ended June 30, 2017, the company's
stabilized mall same-center tenant sales per square foot was $368,
down from $376 a year earlier, total portfolio occupancy declined
approximately 70bps to 92.3% and same-store NOI declined 1.3% for
the six months ended June 30, 2017. Fitch expects some
stabilization in operating metrics as the company backfills vacant
space; however, Fitch expects only modest same-store NOI growth
during the projection period.

EVOLVING ACCESS TO CAPITAL

Fitch views WPG's access to most forms of debt and equity capital
to be at the lower end of the investment-grade REIT spectrum and it
has weakened since the time Fitch initiated ratings. Mortgage
availability for 'B' malls is less plentiful and more
discriminating than it was in prior years and has weakened over the
last year. Similarly, Fitch views WPG's access to non-bank
unsecured debt capital as weak compared to investment-grade peers
when measured by bond issuance spreads, attributable to its asset
class, market sentiment around less-productive malls and being a
less-seasoned issuer. In particular, the company's August 2017 bond
offering priced at a spread indicative of a below-investment-grade
issuer. WPG's ability and willingness to issue unsecured debt in
August 2017 was a credit positive on the margin. However, the
widening in spreads for WPG's issuances juxtaposed against REIT
spreads tightening may reflect deteriorating capital markets
access.

WPG's common equity is trading at a 38% discount to consensus net
asset value which is one of the largest discounts in Fitch's rated
universe (the REIT index is at a 1% discount). Fitch attributes the
discount to the wide bid-ask spread for 'B' malls generally as the
market struggles to ascertain the long-term viability and value of
less productive malls. By extension, thinner investor demand for
B-malls limits the extent to which WPG can raise equity through
asset sales, and thus the company has resorted to contributing
assets to joint ventures as a way to extract equity from these
assets. Fitch believes that some of the company's stronger assets
were contributed to these ventures, resulting in adverse selection
towards unsecured bondholders.

INVESTMENT-GRADE CREDIT METRICS

Fitch expects that WPG's leverage will migrate towards the mid-6.0x
range driven by (re)development NOI coming on line and minimal
SSNOI growth over the projection period. WPG's leverage was 6.2x
for the quarter ended June 30, 2017 and 5.7x for the TTM ended June
30, 2017. Leverage has declined over the past year due primarily to
the company contributing assets to a joint venture and repaying
debt with the proceeds. When treating 50% of WPG's preferred stock
as debt, leverage would be approximately 0.2x higher.

Fitch forecasts FCC will sustain in the high-2.0x range through
2019. Over the past three years FCC has been consistent at 3.1x on
a TTM and calendar year basis for both 2016 and 2015. FCC fell to
2.8x for the quarter ended June 30, 2017 as lower rental revenues
from dispositions failed to be offset by correspondingly lower
interest expense. Fitch attributes some of the deterioration in the
quarter to seasonality in revenues, but FCC will likely decline due
to the higher cost of newly issued debt versus the retired term
loans.

ADEQUATE UNENCUMBERED ASSET COVERAGE OF NET UNSECURED DEBT

Unencumbered asset coverage of June 30, 2017 over net unsecured
debt was 2.1x when applying a stressed 9.0% capitalization rate to
unencumbered NOI. This ratio is appropriate for the current rating
and is driven in part by over 80% of the company's unencumbered NOI
being derived from Tier 1 and community center properties, although
the depth of secured financing for these assets as a form of
contingent liquidity is less certain.

NEGATIVE RATING OUTLOOK

The Outlook revision to Negative principally reflects Fitch's
expectation that the company's access to several forms of capital
(common equity, unsecured and secured debt) will remain challenged,
below that of investment-grade peers and increasingly more
comparable to that of below-investment-grade REITs. Further, Fitch
expects property-level fundamentals will remain under pressure due
to a difficult retail environment, placing pressure on the
company's ability to grow cash flow. Fitch believes it is unlikely
there will be positive revision in investor sentiment and therefore
property liquidity and financeability will be challenged.
Regardless of investor perception, REITs' need for consistent
access to capital heightens the implications of investor sentiment
on such access. Moreover, while liquidity is adequate through the
rating horizon, Fitch believes negative retail headlines will
continue and thus 'B'-mall sentiment is unlikely to improve.

DERIVATION SUMMARY

Relative to the broader mall REIT sector, WPG's levels of
occupancy, SSNOI growth, leasing spreads and tenant quality are
weaker than Simon Property Group (IDR of A) and similar to 'B'-mall
peer CBL & Associates, Inc. (IDR of BBB-). In addition, the company
has weaker access to capital, given its ~38% equity trading
discount to NAV and wide spreads at which its bonds trade relative
to the broader peer set. Further, secured lender sentiment for the
'B'-mall asset class has declined to a level that Fitch believes is
below that of many other retail commercial real estate asset
classes. WPG has lower leverage than CBL, although Fitch expects
leverage for both to center in the low-to-mid 6.0x's range during
the projection period.

KEY ASSUMPTIONS

Fitch's key assumptions within its ratings case for the issuer
include:

- Annual SSNOI growth of approximately 1.0% for 2017-2019;

- Annual development/redevelopment spend of $125 million for
   2017-2019. The weighted average initial yield on cost for
   projects coming online is approximately 6%, ramping to
   approximately 8%;

- Total non-core asset sales of approximately $300 million, none
   beyond 2017;

- Annual recurring capital expenditures of $70 million.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Fitch Revising the Outlook to Stable at a 'BBB-' IDR:

- Improved capital markets sentiment regarding 'B'-malls,
   specifically enhanced insurance company lending to the sector,
   bond issuance pricing closer to investment-grade peers, or a
   lower NAV discount for the company's common stock which may
   result in the company raising equity;

- Fitch's expectation of leverage sustaining below 6.0x

- Fitch's expectation of fixed charge coverage sustaining above
   2.5x

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action

- Should Fitch's opinion of WPG's access to debt and equity
   capital fail to improve from current levels;

- Sustained deterioration in operating fundamentals or asset
   quality (e.g. sustained negative SSNOI results or negative
   leasing spreads);

- Fitch's expectation of leverage sustaining above 7.0x;

- Fitch's expectation of fixed charge coverage sustaining below
   1.8x;

- Failure to maintain unencumbered asset coverage of unsecured
   debt (based on a stressed 9% cap rate) at around 2.0x.

LIQUIDITY

Liquidity is not a concern given the lack of unsecured debt
maturities over the next few years, although access to attractively
priced debt and equity capital is a key rating consideration for
REITs given their distribution requirements. The company ended the
2Q17 quarter with $76.8 million of cash and equivalents and has a
$900 million revolver with no outstanding borrowings and $0.3
million of letters of credit outstanding. The revolver matures in
2018 with two six-month extension options through 2019.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Washington Prime Group, Inc.

-- Issuer Default Rating (IDR) at 'BBB-';
-- Preferred stock at 'BB'.

Washington Prime Group Limited Partnership

-- IDR at 'BBB-';
-- Senior unsecured revolving credit facility at 'BBB-';
-- Senior unsecured term loans at 'BBB-';
-- Senior unsecured notes at 'BBB-'.

The Rating Outlook is Negative.


WEBMD HEALTH: Egan-Jones Cuts Sr. Unsec. Debt Ratings to BB-
------------------------------------------------------------
Egan-Jones Ratings Company, on July 24, 2017, lowered the senior
unsecured ratings on debt issue by WebMD Health Corp. to BB- from
BB.

WebMD is an American corporation known primarily as an online
publisher of news and information pertaining to human health and
well-being.


WEST CORP: Fitch Assigns First-Time 'B+' IDR, Outlook Stable
------------------------------------------------------------
Fitch Ratings has assigned a first-time Long Term Issuer Default
Rating (IDR) of 'B+' to West Corporation. Fitch has also assigned a
first-time 'BB+/RR1' to the company's proposed senior secured
credit facility and a 'B-/RR6' rating to its proposed senior
unsecured notes.  

Proceeds from the issuance, together with anticipated equity
contribution from Apollo will be used to fund Apollo's pending
acquisition of West Corp and to refinance existing indebtedness.
West Corp.'s senior secured credit facility will include a $350
million revolving facility maturing in 2022 and a $2.7 billion,
seven-year term loan. The credit facility will be guaranteed by
West Corp.'s parent Olympus Holdings II, LLC and certain domestic,
wholly owned subsidiaries of West Corp. The facility will be
secured by all equity interests of West Corp held by its parent and
all assets of West Corp and its subsidiary guarantors.

KEY RATING DRIVERS

Scale and Diversification: West's credit rating reflects the
company's scale and leading market positions across a diversified
portfolio of technology solutions. West is world's largest
conferencing and collaborations service provider and holds leading
market positions in 9-1-1 infrastructure and proactive mobility and
notification services. The company derives roughly 40% of revenue
from segments other than unified communication services.

Robust FCF Generation: FCFs are supported by West's mature and
high-margin conferencing and collaboration business and overall low
capex and working capital requirements. Fitch believes FCFs will
remain strong due to the expected cessation of dividends going
forward and lower capital intensity more than offsetting the
negative impact from increase in interest expense. Fitch expects
FCF margins in the range of 10%-13% over the rating horizon.

Post-LBO Leverage: Pro forma for refinancing and $75 million of
synergies, Fitch expects leverage post the Apollo transaction at
5.4x as of June 30, 2017 on an LTM basis. West will have elevated
leverage at over 6.0x in 2017 due to the timing of realization of
synergies (expected in 2018 and 2019). Fitch expects leverage to
decline further in the following years as additional synergies are
realized and as West reduces debt. Given the company's stated
capital allocation policy (discussed below), Fitch anticipates that
leverage will approximate 5.5x as of year-end 2018 and 5.0x by the
end of 2019.

Evolving Revenue and Margin Mix: West's changing revenue mix from
the mature legacy audio conferencing business towards high growth
segments will also impact overall operating margins given the
Interactive and Safety Services segments compared to UCS segment
had lower operating margins in 2016, and Interactive had lower
operating margins for first six months of 2017.Fitch believes the
company's ongoing cost reduction programs and synergies identified
by Apollo coupled with higher gross margin in both Interactive and
Safety Services segments will help arrest the decline in margins
and lead to margin expansion as the business mix shifts.

Favourable Capital Allocation Policy: Fitch views West's shift in
capital allocation strategy as credit positive. The company plans
to cease paying dividends going forward. Fitch anticipates that
West's primary use of cash will be for deleveraging and strategic
growth investments. The company may consider M&A
opportunistically.

Potential Synergies: Cost synergies are expected to focus on
delayering and consolidating platforms and functional areas across
West and are estimated to total $75 million. In addition, unifying
brands acquired over the years from acquisitions under 'One West'
initiative presents additional cross selling opportunities. From
Fitch's perspective, execution risks related to achieving the
expected cost synergies are modest. Fitch believes the synergies
will be realized during the 2018 to 2019 timeframe.

DERIVATION SUMMARY

West Corp's business profile entails an amalgamation of a diverse
portfolio of technology solutions and hence is not directly
comparable to its peers that may provide similar but a different
mix of technology services. In its Unified Communication Services
segment that represents about 60% of total revenue, West Corp
('B+'/Stable) competes with technology and telecom industry giants
such as Microsoft Corporation (AA+/Stable) and AT&T (A-/Rating
Watch Negative), and Citrix Systems that are larger and better
capitalized. In this category, it also competes with several mid
and small sized companies such as Mitel Networks that lack the
scale, diversification and/or geographic reach that West offers.

In the Interactive Services business category, West is comparable
to Nuance Communications Inc., which is similar in scale and margin
profile. Nuance also derives the bulk of its revenue from the
healthcare industry, which West sees as having high growth
potential. Cotiviti Corporation is another healthcare focussed
technology service provider that competes with West in Specialized
Agent Services category. However, West's diversified revenue base
and elevated leverage as compared to both these companies is more
commensurate with a 'B+' rating category.

West's ratings reflect the company's leading market position,
strong FCF generation, scaling high growth segments, favourable
capital allocation policy and increased leverage from the Apollo
transaction. No country-ceiling, parent/subsidiary or operating
environment aspects impacts the rating.

KEY ASSUMPTIONS

Fitch's key assumptions within its ratings case for the issuer
include:

-- High growth segments to offset the decline in audio
    conferencing segment; overall revenue to grow in low single
    digits over the forecast.

-- Cost synergies to improve operating margin profile. Synergies
    of $75 million (less than 50% of total synergies) built into
    the model.

-- Capex intensity assumed to decline gradually from historical
    levels due to identified capex synergies.

-- No dividends assumed to reflect management's shift in capital
    allocation policy. Low levels of M&A activity assumed to
    reflect opportunistic M&A activity.

-- Fitch expects leverage to decline to mid-5x range by the end
    of 2018 in anticipation of management utilizing a majority of
    FCFs to reduce debt over and above the mandatory payments on
    credit facility.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action

-- Improvement in operating profile including positive revenue
    growth exceeding Fitch's expectations, expansion of margins
    due to restructuring efforts and/or realization of synergies
    and expansion of customer base.

-- Strong FCF generation with FCF margins sustained in double
    digits.

-- Leverage sustained below 4.0x.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action
-- Inability to sustain organic revenue growth due to UCS segment

    declines offsetting revenue growth from other segments.
-- Deterioration of operating profile due to competition, an
    inability to achieve desired efficiencies impacting operating
    margins, or weaker than expected FCFs.
-- Leverage sustained above 6.0x.

LIQUIDITY

Fitch considers West's liquidity as adequate, supported by the
company's sufficient cash balances, strong FCF generation and
availability under the revolving facility. As of June 30, 2017,
West reported cash and cash equivalents of $191.84 million, of
which $108.9 million was held off-shore and is considered as not
readily available per Fitch's rating criteria. West's proposed
refinancing includes a revolving facility of $350 million, which is
expected to remain undrawn at the closing of Apollo transaction. In
addition, the company generates strong free cash flows that are
supported by low capex and working capital requirements, and
dividend cessation going forward.

West's proposed debt structure includes a $350 million revolving
facility with expected maturity in 2022, $2,700 million in term
loans with a tenor of seven years and senior unsecured notes with a
tenor of eight years. The new first lien term loan amount is
expected to be decreased on a dollar for dollar basis with respect
to the amount of West's 4.750% senior secured notes that remain
outstanding on the closing date. The new senior unsecured notes
amount is expected to be decreased on a dollar for dollar basis
with respect to the amount of West's 5.375% senior unsecured notes
that remain outstanding on the closing date.

FULL LIST OF RATING ACTIONS

Fitch has assigned the following ratings:

West Corporation
-- Issuer Default Rating 'B+';
-- Senior secured revolving facility maturing in 2022 'BB+'/RR1';
-- Senior secured term loans maturing in 2024 'BB+'/RR1;
-- Senior unsecured notes maturing in 2025 'B-'/RR6.


[*] Fitch: Retail Inst'l Default Rate Could Top 10% with Toys R Us
------------------------------------------------------------------
Toys 'R' Us' filing on September 18 pushes the retail institutional
leveraged loan default rate over 7% from last month's 5.3% mark and
that figure could surpass 10% by year end, according to Fitch
Ratings. With $5 billion of defaults, retail accounts for 30% of
the year-to-date loan volume.

Sears is another large retailer that continues to be on Fitch Loans
of Concerns list. Fitch projects Sears needs $1.5 billion - $1.75
billion in annual liquidity in 2017 and 2018, based on negative
EBITDA of $600 million to $800 million. In addition, it has $1.4
billion of various tranches of secured debt due in 2018. Sears has
raised approximately $1.4 billion fiscal year to date from asset
sales, including Craftsman, and a line of credit facility. However,
restructuring risk remains high given reduced sources of liquidity
via asset sales (150-160 unencumbered stores) and inventory
liquidation proceeds from closed stores. The company's 10K filed in
March 2017 contained the statement stating "substantial doubt
exists related to the Company's ability to continue as a going
concern."

Other potential retail default candidates by the end of the year
include Nine West Holdings Corp., TOMS Shoes LLC, Everest Holdings
LLC, Charlotte Russe Inc., and Charming Charlie LLC - all names on
Fitch's Loans of Concern list. Should Sears file by year-end, the
retail loan default rate could be as high as 12%.

Toys' filing represents the sixth institutional loan retail default
since April and is the second largest in terms of amount
outstanding (slightly less than J. Crew Group Inc.'s July
distressed debt exchange). Of Toys' $5.27 billion in total
long-term debt that was outstanding at petition (including $1.025
billion borrowed on its $1.85 billion domestic ABL which will be
replaced by a DIP facility), $2.85 billion of debt will be impacted
by the bankruptcy.

Toys' loans are currently held in 37 CLOs in the 333 Fitch-rated
broadly syndicated loan CLO universe. The loans comprise less than
0.1% of the aggregate collateral in Fitch-rated CLOs and averages
0.4% of portfolio exposure. Toys' filing sends the overall loan
default rate to 1.8% from 1.7%. Fitch anticipates the default rate
will end 2017 at 2.5%.

The filing notes the importance of the Toys' supply chain for the
success of the business. The company stated "a news story published
on September 6, 2017, reporting that the Debtors were considering a
chapter 11 filing, started a dangerous game of dominos: within a
week of its publication, nearly 40 percent of the Company's
domestic and international product vendors refused to ship product
without cash on delivery, cash in advance, or, in some cases,
payment of all outstanding obligations."

Mattel and Hasbro ratings are not impacted by Toys' credit claims.
The Toys' filing lists Mattel, at $135.6 million, and Hasbro, at
$59.1 million, as the two largest trade creditors. Toys' Chairman,
David Brandon, stated it was critical for the company to reopen its
supply chain immediately and a $3.1 billion debtor-in-possession
financing would permit Toys to pay vendors in the ordinary course
of business, post-petition.

The bankruptcy filing documents cite the following payments to
vendors for pre-petition claims: $325 million (including $115
million interim) for "Critical Vendors" in North America and $56
million (including $26 million interim) for foreign vendor claims.
Mattel and Hasbro should be considered Critical Vendors. In
addition, vendors have reclamation rights (can reclaim inventory if
not paid) for product shipped within 20 days of the filing. Vendors
typically grant Toys 60-day trade terms, so some of their claims
would fall under this umbrella.


[^] BOOK REVIEW: The Sorcerer's Apprentice - Medical Miracles
-------------------------------------------------------------
Author:     Sallie Tisdale
Publisher:  BeardBooks
Softcover:  270 pages
List Price: $34.95
Review by Henry Berry
Order your own personal copy at http://is.gd/9SAfJR

An earlier edition of "The Sorcerer's Apprentice" won an American
Health Book Award in 1986. The book has been recognized as an
outstanding book on popular science. Tisdale brings to her subject
of the wide nd engrossing field of health and illness the
perspective, as well as the special sympathies and sensitivities,
of a registered nurse. She is an exceptionally skilled writer.
Again and again, her descriptions of ill individuals and images of
illnesses such as cancer and meningitis make a lasting impression.
Tisdale accomplishes the tricky business of bringing the reader to
an understanding of what persons experience when they are ill; and
in doing this, to understand more about the nature of illness as
well. Her style and aim as a writer are like that of a medical or
science journalist for leading major newspaper, say the "New York
Times" or "Los Angeles Times." To this informative, readable style
is added the probing interest and concern of the philosopher
trying to shed some light on one of the central and most
unsettling aspects of human existence. In this insightful,
illuminating, probing exploration of the mystery of illness,
Tisdale also outlines the limits of the effectiveness of
treatments and cures, even with modern medicine's store of
technology and drugs. These are often called "miracles" of modern
medicine. But from this author's perspective, with the most
serious, life-threatening, illnesses, doctors and other health-
care professionals are like sorcerer's trying to work magic on
them. They hope to bring improvement, but can never be sure what
they do will bring it about. Tisdale's intent is not to debunk
modern medicine, belittle its resources and ways, or suggest that
the medical profession holds out false hopes. Her intent is do
report on the mystery of serious illness as she has witnessed it
and from this, imagined what it is like in her varied work as a
registered nurse. She also writes from her own experiences in
being chronically ill when she was younger and the pain and
surgery going with this.

She writes, "I want to get at the reasons for the strange state of
amnesia we in the health professions find ourselves in. I want to
find clues to my weird experiences, try to sense the nature of
being sick." The amnesia of health professionals is their state of
mind from the demands placed on them all the time by patients,
employers, and society, as well as themselves, to cure illness, to
save lives, to make sick people feel better. Doctors, surgeons,
nurses, and other health-care professionals become primarily
technicians applying the wonders of modern medicine. Because of
the volume of patients, they do not get to spend much time with
any one or a few of them. It's all they can do to apply the
prescribed treatment, apply more of it if it doesn't work the
first time, and try something else if this treatment doesn't seem
to be effective. Added to this is keeping up with the new medical
studies and treatments. But Tisdale stepped out of this problem-
solving outlook, can-do, perfectionist mentality by opting to
spend most of her time in nursing homes, where she would be among
old persons she would see regularly, away from the high-charged
atmosphere of a hospital with its "many medical students,
technicians, administrators, and insurance review artists." To
stay on her "medical toes," she balanced this with working
occasional shifts in a nearby hospital. In her hospital work, she
worked in a neonatal intensive care unit (NICU), intensive care
unit (ICU), a burn center, and in a surgery room. From this
combination of work with the infirm, ill, and the latest medical
technology and procedures among highly-skilled professionals,
Tisdale learned that "being sick is the strangest of states." This
is not the lesson nearly all other health-care workers come away
with. For them, sick persons are like something that has to be
"fixed." They're focused on the practical, physical matter of
treating a malady. Unlike this author, they're not focused
consciously on the nature of pain and what the patient is
experiencing. The pragmatic, results-oriented medical profession
is focused on the effects of treatment. Tisdale brings into the
picture of health care and seriously-ill patients all of what the
medical profession in its amnesia, as she called it, overlooks.

Simply in describing what she observes, Tisdale leads those in the
medical profession as well as other interested readers to see what
they normally overlook, what they normally do not see in the
business and pressures of their work. She describes the beginning
of a hip-replacement operation, the surgeon "takes the scalpel and
cuts--the top of the hip to a third of the way down the thigh--and
cuts again through the globular yellow fat, and deeper. The
resident follows with a cautery, holding tiny spraying blood
vessels and burning them shut with an electric current. One small,
throbbing arteriole escapes, and his glasses and cheek are
splattered." One learns more about what is actually going on in an
operation from this and following passages than from seeing one of
those glimpses of operations commonly shown on TV. The author
explains the illness of meningitis, "The brain becomes swollen
with blood and tissue fluid, its entire surface layered with
pus...The pressure in the skull increases until the winding
convolutions of the brain are flattened out...The spreading
infection and pressure from the growing turbulent ocean sitting on
top of the brain cause permanent weakness and paralysis,
blindness, deafness...." This dramatic depiction of meningitis
brings together medical facts, symptoms, and effects on the
patient. Tisdale does this repeatedly to present illness and the
persons whose lives revolve around it from patients and relatives
to doctors and nurses in a light readers could never imagine, even
those who are immersed in this world.

Tisdale's main point is that the miracles of modern medicine do
not unquestionably end the miseries of illness, or even
unquestionably alleviate them. As much as they bring some relief
to ill individuals and sometimes cure illness, in many cases they
bring on other kinds of pains and sorrows. Tisdale reminds readers
that the mystery of illness does, and always will, elude the
miracle of medical technology, drugs, and practices. Part of the
mystery of the paradoxes of treatment and the elusiveness of
restored health for ill persons she focuses on is "simply the
mystery of illness. Erosion, obviously, is natural. Our bodies are
essentially entropic." This is what many persons, both among the
public and medical professionals, tend to forget. "The Sorcerer's
Apprentice" serves as a reminder that the faith and hope placed in
modern medicine need to be balanced with an awareness of the
mystery of illness which will always be a part of human life.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
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Each Tuesday edition of the TCR contains a list of companies with
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
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